LEGAL
• Explains the important fraud exception
• Examines letters of credit in bankruptcy
• Discusses standby letters of credit
Chapters cover major issues, such as bankruptcy and other letter of credit authority. Case summaries further explain the law of letters of credit and offer examples of their usefulness. It also features sample letters of credit and applications for letters of credit from several major banks. The code governing domestic letters of credit and information pertinent to international transactions are included.
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