Non-Novel Issues of Letter of Credit Law: An Essay
Wayne State University Law School
May 18, 2009
Banking and Finance Law Review, Forthcoming
Wayne State University Law School Research Paper No. 09-12
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.
Number of Pages in PDF File: 43
Date posted: May 20, 2009