Okla. Stat. tit. 12A, § 12A-5-110: Warranties

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.