![]() |
Wisconsin Statutes (Last Updated: January 10, 2017) |
![]() |
Chapter 405. Uniform Commercial Code — Letters Of Credit |
Section 405.110. Warranties.
Latest version.
- (1) If its presentation is honored, the beneficiary warrants all of the following:(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. 405.109 (1) .(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.