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Current as of January 01, 2023 | Updated by FindLaw Staff
(1) If a beneficiary's presentation is honored, the beneficiary warrants:
(a) 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 s. 675.109(1); and
(b) 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.
(2) The warranties in subsection (1) are in addition to warranties arising under chapters 673, 674, 677, and 678 because of the presentation or transfer of documents covered by any of those chapters.
Cite this article: FindLaw.com - Florida Statutes Title XXXIX. Commercial Relations § 675.110. Warranties - last updated January 01, 2023 | https://codes.findlaw.com/fl/title-xxxix-commercial-relations/fl-st-sect-675-110/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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