Colorado § 4-5-110 Warranties

Colorado Statutes

§ 4-5-110 — Warranties

Colorado § 4-5-110

Title 04Uniform

Art.Letters of Credit

This text of Colorado § 4-5-110 (Warranties) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-5-110 (2026).

Text

(a)If its presentation is honored, the beneficiary warrants:

(1)To 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 section 4-5-109

(a); and

(2)To 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.

(b)The warranties in subsection (a) of this section are in addition to warranties arising under articles 3, 4, 7, and 8 of this title because of the presentation or transfer of documents covered by any of those articles.

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(a) If its presentation is honored, the beneficiary
warrants:

(1) To 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 section 4-5-109
(a); and

(2) To 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.

(b) The warranties in subsection (a) of this section are in addition to
warranties arising under articles 3, 4, 7, and 8 of this title because of the
presentation or transfer of documents covered by any of those articles.