Article 5: Letters of Credit

GPTKB entity

Statements (19)
Predicate Object
gptkbp:instanceOf gptkb:law
gptkbp:adoptedBy 1952
various U.S. states
gptkbp:appliesTo commercial letters of credit
standby letters of credit
gptkbp:citation gptkb:UCC_Article_5
gptkbp:compatibleWith ordinary guarantees
gptkbp:covers rights and obligations of applicants
rights and obligations of beneficiaries
rights and obligations of issuers
https://www.w3.org/2000/01/rdf-schema#label Article 5: Letters of Credit
gptkbp:influencedBy gptkb:Uniform_Customs_and_Practice_for_Documentary_Credits_(UCP)
gptkbp:jurisdiction gptkb:United_States
gptkbp:partOf gptkb:Uniform_Commercial_Code
gptkbp:purpose to govern the issuance and use of letters of credit
gptkbp:regulates letters of credit
gptkbp:updated 1995
gptkbp:bfsParent gptkb:Uniform_Commercial_Code
gptkbp:bfsLayer 5