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The Drafting History of Ucc Article 5
John F. Dolan
[PDF.gv67] The Drafting History of Ucc Article 5
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| #4184950 in Books | 2016-02-29 | Original language:English | 9.75 x6.75 x.75l, | File type: PDF | 298 pages||About the Author|John F. Dolan is a Distinguished Professor Emeritus at Wayne State University Law School.
The book illustrates each section of UCC Article 5 (the letter of credit article) with historical analysis that explains each section's purpose. It is folly to read Article 5 literally, and it is disastrous to see it as characterizing the letter of credit as a unique form of contract. The historical exegesis the book presents makes it clear that letters of credit are unique, idiosyncratic undertakings for which the Article fashions unique, idiosyncratic rules. There was,...
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