Consideration

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Letters of Credit
  5. Consideration

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Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.

(Code 1981, §11-5-105, enacted by Ga. L. 2002, p. 995, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 50 Am. Jur. 2d, Letters of Credit, and Credit Cards, § 16.

U.L.A.

- Uniform Commercial Code (U.L.A.) § 5-105.


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