South Dakota § 57A-5-110 Warranties.

South Dakota Statutes

§ 57A-5-110 — Warranties.

South Dakota § 57A-5-110

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-4LETTERS OF CREDIT

This text of South Dakota § 57A-5-110 (Warranties.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-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 § 57A-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 57A-3 , 57A-4 , 57A-7 , and 57A-8 because of the presentation or transfer of documents covered by any of those chapters.

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

(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 § 57A-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 57A-3 , 57A-4 , 57A-7 , and 57A-8 because of the presentation or transfer of documents covered by any of those chapters.