Georgia · Official Code of Georgia Annotated — full code (public domain; via Open US Law, CC BY 4.0)

O.C.G.A. § 11-5-109: Commercial Code — O.C.G.A. § 11-5-109

What this law says, in plain English

This statute governs letter of credit transactions, specifying when banks must honor presentations despite forged or fraudulent documents, depending on whether the demanding party acted in good faith without knowledge of fraud.

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