S/L/198. Contract of sale and documentary credits: law case study
(2008, 1900 words)
The paper examines a law case of the contract of sale involving the English Bank, addressing the issues of documentary credits (DC) in the UK. Securities offered by DC are discussed highlighting the requirements needed to prove that a fraud has occurred. Legislation on DC is reviewed including the articles from the Uniform Customs and Practice for Documentary Credits, 2007 (UCP); references are made to related law cases.
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