The Domestic Standby Letter of Credit Desk Book for Business Professionals, Bankers and Lawyers

22 Pages Posted: 6 Feb 2016

See all articles by John Dolan

John Dolan

Wayne State University Law School

Date Written: February 4, 2016

Abstract

The following preface and chapter describe an effort to convince readers (business people, bankers, and lawyers) that the standby letter of credit is a handy, flexible, commercial device that can support virtually any business activity and often without a battery of lawyers or letter of credit “experts.” The law of standby letters of credit is unique but not exotic. Any educated professional can understand it and can use the standby to enhance the value of an unperformed promise.

Suggested Citation

Dolan, John, The Domestic Standby Letter of Credit Desk Book for Business Professionals, Bankers and Lawyers (February 4, 2016). Wayne State University Law School Research Paper No. 2016-03, Available at SSRN: https://ssrn.com/abstract=2727948 or http://dx.doi.org/10.2139/ssrn.2727948

John Dolan (Contact Author)

Wayne State University Law School ( email )

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

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
135
Abstract Views
666
rank
307,505
PlumX Metrics