The law of letters of credit commercial and standby credits is the fourth edition of a traditional treatise on a rather narrow legal subject letters of credit fall into two categories 1 commercials which find use in international sales and 2 standbys that are a common device in many domestic transactions. The law of letters of credit commercial and standby credits has been the leading treatise on the subject for over 30 years this expert resource guides you through the entire life cycle of the credit including such essential steps as establishing amending and terminating the credit and transfers and assignments. This treatise addresses all standby and commercial letter of credit problems and provides guidance through the case law under ucc article 5 establishing amending and terminating the letter of. The law of letters of credit by john f dolan 9 editions first published in 1984 subjects letters of credit negotiable instruments consumer credit law and legislation law and leglislation places united states. Banks in most cases subject their letter of credit to the ucp as a primary source of letter of credit but not the sole source the law of documentary letters of credit has also been influenced by other regulations created by the icc as well as national legislation and case law
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