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Collection of Documentary Drafts
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Collection of Documentary Drafts
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Section
4-501
Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
Section
4-502
Presentment of “on arrival” drafts.
Section
4-503
Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
Section
4-504
Privilege of presenting bank to deal with goods; security interest for expenses.