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§12A-2-506.
§12A-2-506.
1) A financing agency by paying or purchasing for value a draft which
relates to a shipment of goods acquires to the extent of the payment
or purchase and in addition to its own rights under the draft and any
document of title securing it any rights of the shipper in the goods
including the right to stop delivery and the shipper's right to have
the draft honored by the buyer.
(2) The right to reimbursement of a financing agency which has in good
faith honored or purchased the draft under commitment to or authority
from the buyer is not impaired by subsequent discovery of defects with
reference to any relevant document which was apparently regular on its
face.
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