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CD only:	$299.00

In this audio conference, Professor of Law, John F. Dolan will explain ways that standby letters of credit facilitate open-account selling, contractor access to construction jobs, and developer acquisition of real estate and marketing of sales contract and mortgage obligations. The presentation will discuss ways the standby can achieve these objectives in a fashion that reduces the parties’ costs, and he will suggest language for the standby in these transactions. Finally, Professor Dolan will discuss competing claims for excessive draws under the credit.

Join this important audio conference on April 3rd and learn about the latest and most recent developments in letters of credit case law.

Topics of Discussion Include:

• Accessing open-account credit
• Invoice standby
• Construction industry uses
• Bid, performance, and payment bond substitute
• Real estate development
• Acquiring the real estate
• Securing installment contracts and mortgage notes
• The evergreen clause
• Notice of non-renewal
• Amendments
• Excess draw (claims to)
• Rights of the applicant
• Rights of the bank issuer
• The letter of credit warranty
• And much more!

Plus, 30-minutes after the audio conference will be set aside for an interactive question and answer session. Listen in, and get the chance to ask your specific questions!

Registration Includes:

• Admittance to a 90-minute call for as many people as you can fit in a room with a speakerphone
• Access to the specially created presentation handouts (made available 48 hours in advance) which can be printed and used to train all of your front line personnel
• Participation in the 30-minute live Q&A with the speaker following the presentation
• Certificates of completion for all attendees

About Our Speaker

John F. Dolan is Distinguished Professor at Wayne State University Law School. He is a member of the American Law Institute and serves as an editorial board member of the Banking Law Journal and of the Journal of Payment Systems law and as foreign contributing editor of the Banking & Finance Law Review. Professor Dolan was an American Bar Association advisor to the drafting committee during the revision of Uniform Commercial Code, Article 5. He was also a member of the drafting committee of the ALI’s Restatement of Suretyship 3d. His letter of credit treatise and articles are widely cited by federal and state courts and in scholarly books and journals.

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