Uniform Commercial Code
U.C.C. - ARTICLE 5
LETTERS OF CREDIT
§ 5-110. Availability of Credit in Portions; Presenter's Reservation of Lien or Claim.
(2) Unless otherwise specified a person by presenting a documentary draft or demand for payment under a credit relinquishes upon its honor all claims to the documents and a person by transferring such draft or demand or causing such presentment authorizes such relinquishment. An explicit reservation of claim makes the draft or demand non-complying.
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