Rhode Island § 6A-5-110 § 6A-5-110. Warranties.

Rhode Island Statutes

§ 6A-5-110 — § 6A-5-110. Warranties.

Rhode Island·Title 6A Uniform Commercial Code·Ch. 6A-5 Letters of Credit

§ 6A-5-110. Warranties.
(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 § 6A-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) are in addition to warranties arising under chapters
            3,

Free access — add to your briefcase to read the full text and ask questions with AI

§ 6A-5-110. Warranties.

(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 § 6A-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) are in addition to warranties arising under chapters 3, 4, 7, and 8 of this title because of the presentation or transfer of documents covered by any of those chapters.

Rhode Island § 6A-5-110 (§ 6A-5-110. Warranties.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.