1See Revised UCC (Uniform Commercial Code of the United States of America), Article 5.
2ICC Documents 470/371, 470/373.
3Cromwell v. Commerce & Energy Bank, 464 So. 2d 721(La. 1985)
4L. Sarna, Letters of Credit: The Law and Current Practice, third edition (Toronto: Carswell, 1998) at 5 - 11.
5United Bank Ltd. v. Cambridge Sporting Goods Corp, 392 N. Y. S. 2d 265 at 271 (C. A. 1976).
6Angelica Whilewear v. Bank of Nova Scotia, [ 1987] 1 S. C. R. 59 at 84.
7"the fraud exception should not be opposable to the holder in due course of a draft on a letter of credit. "Angelica Whitewear v. Bank of Nova Scotia, [1987] 1 S. C. R. 59 at 84.
