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Fraud and Letters of Credit: Is there a Nullity Exception?

Published online by Cambridge University Press:  06 August 2002

Richard Hooley
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Extract

Despite the absence of fraud on the part of the beneficiary of a letter of credit, is the issuing or confirming bank entitled to refuse to pay the beneficiary on the ground that a tendered document is a “nullity” in the sense that it was forged by a third party or has been executed without the authority of the person by whom it purports to be issued?

Type
Case and Comment
Information
The Cambridge Law Journal , Volume 61 , Issue 2 , 24 June 2002 , pp. 279 - 281
Copyright
Copyright © Cambridge Law Journal and Contributors 2002

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