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  LC VIEWS Library
  Jia Hao: DAIWA PRODUCTS V. NATIONSBANK: AN UNPROTECTED UNAUTHORIZED HOLDER IN DUE COURSE?

 

The author examines whether an unauthorized holder in due course in a letter of credit transaction enjoys a better position than the beneficiary to cut off the fraud defense that the applicant or issuing bank holds against the beneficiary in the case of such fraud.

 

Original Published in The Banking Law Journal Jul/Aug 2006

 


The Banking Law Journal helps you keep in touch with the leading thinking regarding the latest developments in banking law. It covers every area of major interest to bankers and attorneys, with practical material for bank counsel use, articles of current importance by recognized experts, plus digests of important cases from every jurisdiction. Leading practitioners share their cutting-edge analysis and give you practical guidance in all areas of banking law.


 

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