§12A-5-107.

§12A-5-107.
   
   Confirmer, Nominated Person, and Adviser.
   
   (a) A confirmer is directly obligated on a letter of credit and has
   the rights and obligations of an issuer to the extent of its
   confirmation. The confirmer also has rights against and obligations to
   the issuer as if the issuer were an applicant and the confirmer had
   issued the letter of credit at the request and for the account of the
   issuer.
   
   (b) A nominated person who is not a confirmer is not obligated to
   honor or otherwise give value for a presentation.
   
   (c) A person requested to advise may decline to act as an adviser. An
   adviser that is not a confirmer is not obligated to honor or give
   value for a presentation. An adviser undertakes to the issuer and to
   the beneficiary accurately to advise the terms of the letter of
   credit, confirmation, amendment, or advice received by that person and
   undertakes to the beneficiary to check the apparent authenticity of
   the request to advise. Even if the advice is inaccurate, the letter of
   credit, confirmation, or amendment is enforceable as issued.
   
   (d) A person who notifies a transferee beneficiary of the terms of a
   letter of credit, confirmation, amendment, or advice has the rights
   and obligations of an adviser under subsection (c) of this section.
   The terms in the notice to the transferee beneficiary may differ from
   the terms in any notice to the transferor beneficiary to the extent
   permitted by the letter of credit, confirmation, amendment, or advice
   received by the person who so notifies.