2010 New Hampshire Statutes
TITLE XXXIV-A UNIFORM COMMERCIAL CODE
CHAPTER 382-A UNIFORM COMMERCIAL CODE
Section 382-A:5-110 Warranties.


NH Rev Stat § 382-A:5-110 (1996 through Reg Sess) What's This?

382-A:5-110 Warranties. – (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 Section 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 Article 3, 4, 7, and 8 because of the presentation or transfer of documents covered by any of those articles.

Source. 1998, 200:1, eff. Jan. 1, 1999.

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