The Drafting History of Ucc Article 5

by John F. Dolan

The book illustrates each section of UCC Article 5 (the letter of credit article) with historical analysis that explains each section's purpose. It is folly to read Article 5 literally, and it is disastrous to see it as characterizing the letter of credit as a unique form of contract. The historical exegesis the book presents makes it clear that letters of credit are unique, idiosyncratic undertakings for which the Article fashions unique, idiosyncratic...

• Format: Paperback
• Language: English
• ISBN: 1611638143
• ISBN13: 9781611638141
• Release Date: February 2016
• Publisher: Carolina Academic Press
• Length: 298 Pages