Uniform Commercial Code, Article 5: Letters of Credit

American Law Institute, & National Conference of Commissioners on Uniform State Laws. (1995). Uniform Commercial Code, Article 5: Letters of Credit: Letters of Credit.

Type

Legislation

Intellectual base

Primary research

Year

1995

Link

https://www.law.cornell.edu/ucc/5

Cited from

computer_science

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Future Or Promise
  • In commercial law it is escrow accounts (the escrow holder as a producer with conditional authority), letters of credit, and layaway plans.

    This sourceGoverns letters of credit and the issuer's duty to honor a conforming presentation — the legal codification of conditional-fulfillment instruments in which a neutral third party (issuer / escrow holder) holds settlement authority and releases value only when stated conditions are satisfied.

Verification

This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.

Registry ID ref:a24e1652f370 · see in the full table