2016 New York Laws
UCC - Uniform Commercial Code
Article 5 - (Uniform Commercial Code) LETTERS OF CREDIT
5-110 - Warranties.

Section 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 subsection (a) of section 5--109; 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) of this section are in addition
  to warranties arising under articles 3,  4,  7  and  8  because  of  the
  presentation or transfer of documents covered by any of those articles.