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§12A-5-110.
§12A-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 of this title; 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 III, IV, VII and VIII of this
title because of the presentation or transfer of documents covered by
any of those articles.
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