The drafting history of UCC Article 5 / John F. Dolan, Distinguished Professor Emeritus, Wayne State University Law School.
2016
KF1028 .D65 2016 (Mapit)
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Author
Title
The drafting history of UCC Article 5 / John F. Dolan, Distinguished Professor Emeritus, Wayne State University Law School.
Imprint
Durham, North Carolina : Carolina Academic Press, [2016]
Description
xix, 270 pages ; 26 cm
Formatted Contents Note
Section 5-101 : Short title
Section 5-102 : Definitions
Section 5-103 : Scope
Section 5-104 : Formal requirements
Section 5-105 : Consideration
Section 5-106 : Issuance, amendment, cancellation, and duration
Section 5-107 : Confirmer, nominated person, and adviser
Section 5-108 : Issuer's rights and obligations
Section 5-109 : Fraud and forgery
Section 5-110 : Warranties
Section 5-111 : Remedies
Sections 5-112, 5-113, and 5-114 : Transfer and assignment of letters of credit
Section 5-115 : Statute of limitations
Section 5-116 : Choice of law and forum
Section 5-117 : Subrogation
Section 5-118 : Security interest of issuer or nominated person
Repealed sections.
Section 5-102 : Definitions
Section 5-103 : Scope
Section 5-104 : Formal requirements
Section 5-105 : Consideration
Section 5-106 : Issuance, amendment, cancellation, and duration
Section 5-107 : Confirmer, nominated person, and adviser
Section 5-108 : Issuer's rights and obligations
Section 5-109 : Fraud and forgery
Section 5-110 : Warranties
Section 5-111 : Remedies
Sections 5-112, 5-113, and 5-114 : Transfer and assignment of letters of credit
Section 5-115 : Statute of limitations
Section 5-116 : Choice of law and forum
Section 5-117 : Subrogation
Section 5-118 : Security interest of issuer or nominated person
Repealed sections.
Summary
"[This 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 rules. There was, moreover, an abundant body of common law that preceded codification of letter of credit law in the Uniform Commercial Code. The book includes that rich common law history, setting it forth section by section. It enhances the common law explication with drafting history and with explanations by serious letter of credit commentators." -- Back cover.
Bibliography, etc. Note
Includes bibliographical references.
Location
STA
Call Number
KF1028 .D65 2016
Language
English
ISBN
9781611638141 (paperback alkaline paper)
1611638143 (paperback alkaline paper)
1611638143 (paperback alkaline paper)
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