Consideration. Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
N.J. Stat. Ann. § 12A:5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 12A:1-101 to 12A:9-809 (506 sections).
L.1997,c.395,s.1.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.