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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 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.
Finally, a concise paperback that helps students effectively unravel the complexities of the Uniform Commercial Code through more than 300 class-tested, self-teaching problems and answers. In a convenient two-part structure-Secured Transactions and Payment Systems- exceptional author John Dolan begins with simple problems that grow progressively more complex to gradually build students' knowledge of Code provisions. Dolan's treatment of Secured Transactions covers all of Article 9; his treatment of Payment Systems is divided into four subsections: negotiable instruments documents of title letters of credit wire transfers Having used the materials for more than 10 years in his classroom, Dola...
This treatise addresses all standby and commercial letter of credit problems and provides guidance through the case law under UCC Article 5. Establishing, amending, and terminating the letter of credit is discussed in detail.
John Dolan puts students on a direct path to understanding the UCC by focusing on the commercial activity the law governs. Structured for easy understanding, Commercail Law: Essential Terms and Concepts, Second Edition, gives students all the tools they need to Understand The law And The Code. to bring meaning To The terms and transactions of commercial law, Dolan augments his text with: diagrams and figures that illustrate complex transactions forms showing the documents merchants and bankers use glossaries bibliographies tables of documents the four parts of COMMERCIAL LAW: Essential Terms and Concepts, Second Edition, correspond to key articles: I. Sales (Article 2) II. Secured Lending (A...
Volume contains: 149 NY 367 (Peo ex rel Einsfeld v. Murray) 149 NY 430 (Neill v. Order of United Friends) 149 NY 460 (Ebling v. Dreyer) 149 NY 477 (Robbins v. Springfield F. & M. Ins. Co.) 149 NY 489 (Dolan v. Rodgers) 149 NY 520 (Wetmore v. Wetmore) 149 NY 532 (Chase Nat'l Bk v. Faurot) 149 NY 597 (Sumner v. Skinner)