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Can you summarize NVRS 104.5102?
Uniform Commercial CodeOriginal Articles > Definitions.
Short Summary
This legal document, part of the Nevada Revised Statutes, governs commercial instruments and transactions under the Uniform Commercial CodeOriginal Articles. It provides definitions for various terms used in the context of letters of credit, such as adviser, applicant, beneficiary, confirmer, dishonor, document, good faith, honor, issuer, letter of credit, nominated person, presentation, presenter, record, and successor of a beneficiary. The document also refers to definitions in other articles and sections that apply to this article. It establishes the general principles of construction and interpretation applicable throughout this article. The document does not apply to natural persons who make an engagement for personal, family, or household purposes. No specific penalties are mentioned in this document.
Whom does it apply to?
Persons involved in commercial instruments and transactions
What does it govern?
Uniform Commercial CodeOriginal Articles
What are exemptions?
Natural persons who make an engagement for personal, family, or household purposes
What are the Penalties?
No penalties mentioned
Jurisdiction
Nevada