Standby & Guarantee Forum: November 4 Cases: * Illinois DNR v. Regions Bank – DCW Analysis * DJY v. DJZ – Full Text * Litasco
US Rev UCC 5-108(g) states: “If an undertaking constituting a letter of credit under Section 5‑102(a)(10)
Contractor-applicant appealed dismissal of complaint against principal of insolvent beneficiary and judgment debtor.
Having seen your recent installment of DCW Scam Survey covering Indian cases (Indian Importer, Officials Booked for Cheating Tied to
Issuer sued beneficiary alleging sham transaction and breach of warranties; beneficiary and prior sellers lodged indemnification claims.
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