Banking and Finance Law Review, Forthcoming
43 Pages Posted: 20 May 2009
Date Written: May 18, 2009
Should a common law court confronted with a dispute arising out of a commercial transaction with which it is unfamiliar, fashion novel rules of commercial law when tried and true rules can resolve the controversy? Surely, judicial efficiency and a policy of fulfilling the reasonable expectations of the commercial parties dictate a negative answer to that question.
Suggested Citation: Suggested Citation
Dolan, John, Non-Novel Issues of Letter of Credit Law: An Essay (May 18, 2009). Banking and Finance Law Review, Forthcoming; Wayne State University Law School Research Paper No. 09-12. Available at SSRN: https://ssrn.com/abstract=1406575