SECTION 675.110. Warranties.

Latest version.

1(1) 2If a beneficiary’s presentation is honored, the beneficiary warrants:
11(a) 12To the issuer, any other person to whom presentation is made, and the applicant that there is no fraud or forgery of the kind described in s. 39675.109(1); 40and
41(b) 42To the applicant that the drawing does not violate any agreement between the applicant and beneficiary or any other agreement intended by them to be augmented by the letter of credit.
73(2) 74The warranties in subsection (1) are in addition to warranties arising under chapters 673, 674, 677, and 678 because of the presentation or transfer of documents covered by any of those chapters.

History.-s. 1, ch. 65-254; s. 1, ch. 99-137.

Note

Note.-s. 5-110, U.C.C.

Bills Cite this Section:

None

Cited by Court Cases:

None

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        var href = decodeURIComponent(window.location.href);
                        var url = decodeURIComponent(escape(href.split("#")[0]));
                        url = decodeURIComponent(escape(url.split(",")[0]));
                        art.dialog.defaults.title = url;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');