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- Title
Letters of Credit.
- Authors
Barnes, James G.; Byrne, James E.
- Abstract
The article discusses the issue of letters of credit (LC) that are addressed in the U.S. courts during 2009. It includes pre-honor and post-honor cases where a dispute arises before demand for payment under an LC that has to honor by the issuer of the LC in the form of reimbursement, and subrogation. It mentions the court case of Coachella, California v. Harbor Real Asset Fund LP where the Court of Appeals for the Ninth Circuit believes that the presented documents are ministerial in nature.
- Subjects
COACHELLA (Calif.); CALIFORNIA; UNITED States; LETTERS of credit; ACTIONS &; defenses (Law); UNITED States. Court of Appeals (9th Circuit); LEGAL judgments
- Publication
Business Lawyer, 2010, Vol 65, Issue 4, p1267
- ISSN
0007-6899
- Publication type
Article