GroundRules
← Search the law
Maryland · Through 2026-01-01

Md. Code, Commercial Law § 5–110

Read at publisher ↗
Where this section sits in the code
  1. Article - Commercial Law

(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 § 5-109(a) 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 Titles 3, 4, 7, and 8 of this article because of the presentation or transfer of documents covered by any of those titles.

Collected 2026-09-14T19:56:33Z. Source file · JSON

Browse this collection