Unconscionability: A Comparative consideration of the exception to the Autonomy Principle in Letters of Credit and Demand Guarantees

摘要：

　　The backbone of the letter of credit is the autonomy principle.The autonomy principle dictates that banks deal with documents and are not concerned with nor bound by any underlying contract.This principle is now enshrined in the letter of credit rules such as the UCP600, UCC article 5, ISP98 and the United Nations Convention on Independent Guarantees and Standby Letters of Credit.It is vital that every bank which issues a letter of credit should honour its obligations.The bank is in no way concerned with any dispute that the buyer may have with the seller...It ranks as cash and must be honoured.

作者: Alan Davidson

作者单位: the Supreme Court of New South Wales and of the High Court of Australia

会议类型: 国内会议

会议名称: 第一届比较法学与世界共同法国际研讨会

会议地点: 北京

会议语种:英文

页码: 139-165

在线出版日期: 2011-09-24（万方平台首次上网日期，不代表论文的发表时间）