Oregon Code § 75.1100·Enacted ·Last updated March 01, 2026
Statute Text
Warranties.
(1) If
its presentation is honored, the beneficiary warrants:
(a) To the
issuer, any other person to whom presentation is made and to the applicant that
there is no fraud or forgery of the kind described in ORS 75.1090 (1); and
(b) To the
applicant that the drawing does not violate any agreement between the applicant
and beneficiary or any other agreement intended by them to be augmented by the
letter of credit.
(2) The
warranties in subsection (1) of this section are in addition to warranties
arising under ORS chapters 73, 74, 77 and 78 because of the presentation or
transfer of documents covered by ORS chapters 73, 74, 77 and 78. [1961 c.726 §75.1100;
1997 c.150 §13]
Plain English Explanation
This Oregon statute addresses Warranties. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 75.1100
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Warranties. Read the full statute text above for details.
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