Arizona § 47-5110 - Warranties
Full text of Arizona Arizona Revised Statutes § 47-5110 — Warranties, with citation guidance and answers to common questions.
§ 47-5110. Warranties
A. If its presentation is honored, the beneficiary warrants:
1. To the issuer, any other person to whom presentation is made and the applicant that there is no fraud or forgery of the kind described in section 47-5109, subsection A; and
2. 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.
B. The warranties in subsection A of this section are in addition to warranties arising under chapters 3, 4, 7 and 8 of this title because of the presentation or transfer of documents covered by any of those chapters.
Frequently Asked Questions About Arizona § 47-5110
What does Arizona Revised Statutes § 47-5110 cover?
Section 47-5110 ("Warranties") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 47-5110?
A common citation format is "Arizona Revised Statutes § 47-5110" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 47-5110 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.