Okla. Stat. tit. 12A, § 12A-5-110
This is the official text of Okla. Stat. tit. 12A, § 12A-5-110, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Warranties
Official statutory text
Warranties.
(a) If its presentation is honored, the beneficiary warrants:
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 388
(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.
(a) If its presentation is honored, the beneficiary warrants:
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 388
(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.
Status: in_force · Read it on the official government site
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