Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:Article_of_Uniform_Commercial_Code
|
| gptkbp:administeredBy |
gptkb:American_Law_Institute
gptkb:National_Conference_of_Commissioners_on_Uniform_State_Laws |
| gptkbp:adoptedBy |
gptkb:United_States
1952 |
| gptkbp:appliesTo |
commercial letters of credit
standby letters of credit |
| gptkbp:citation |
gptkb:UCC_§5-101_to_§5-117
|
| gptkbp:compatibleWith |
money orders
acceptances other payment instruments |
| gptkbp:defines |
gptkb:software
honor issuer applicant beneficiary advising bank confirming bank |
| gptkbp:enforcedBy |
federal courts
state courts |
| gptkbp:governs |
letters of credit
|
| https://www.w3.org/2000/01/rdf-schema#label |
UCC Article 5
|
| gptkbp:influencedBy |
gptkb:Uniform_Customs_and_Practice_for_Documentary_Credits_(UCP)
|
| gptkbp:partOf |
gptkb:Uniform_Commercial_Code
|
| gptkbp:providesFor |
applicant's reimbursement
assignment of proceeds bank's liability beneficiary's rights choice of law rules examination of documents fraud and forgery defenses issuer's obligation to honor procedures for honoring and dishonoring credits statute of limitations for actions transfer and assignment of credits transferability of credits rights and obligations of parties to a letter of credit |
| gptkbp:purpose |
to standardize rules for letters of credit
|
| gptkbp:relatedTo |
gptkb:UCC_Article_9
gptkb:UCC_Article_4 |
| gptkbp:subject |
bank obligations
documentary credits payment undertakings standby credits |
| gptkbp:title |
Letters of Credit
|
| gptkbp:updated |
1995
|
| gptkbp:usedBy |
banks
businesses exporters importers |
| gptkbp:bfsParent |
gptkb:Article_5:_Letters_of_Credit
|
| gptkbp:bfsLayer |
6
|