47-5110. Warranties


A. If its presentation is honored, the beneficiary warrants:


1. To the issuer, any other person to whom presentation is made and the applicant
that there is no fraud or forgery of the kind described in section 47-5109, subsection A;
and


2. To the applicant that the drawing does not violate any agreement between the
applicant and beneficiary or any other agreement intended by them to be augmented by the
letter of credit.


B. The warranties in subsection A of this section are in addition to warranties
arising under chapters 3, 4, 7 and 8 of this title because of the presentation or
transfer of documents covered by any of those chapters.