Non-Novel Issues of Letter of Credit Law: An Essay

Banking and Finance Law Review, Forthcoming

Wayne State University Law School Research Paper No. 09-12

43 Pages Posted: 20 May 2009  

John Dolan

Wayne State University Law School

Date Written: May 18, 2009

Abstract

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

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

John Dolan (Contact Author)

Wayne State University Law School ( email )

471 W. Palmer
Detroit, MI 48202
United States
313-577-4856 (Phone)

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