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Corporate & Securities Law

: ContractsProf Blog

Unconscionability and independence in letters of credit

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The "independence principle" is the rule -- traditionally very important in letter of credit law -- that a letter of credit is independent of the contract that gives rise to it, and thus ordinary contract defenses are unavailing to defeat...

Full post as published by ContractsProf Blog on November 19, 2010 (boomark / email).

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