U.S. fraud exception system legal issues
|School||China University of Political Science|
|Keywords||Fraud exception Substantial fraud Protest Ban|
China is a big trading country in recent years, trade has been ranked in the world . Chinese enterprises \Therefore, study and research the credit card fraud and its exceptions is very necessary. In the letter of credit law , the United States has accumulated a wealth of judicial experience , and learn from these provisions on the legal system of sound of the letter of credit is of great significance . The paper first defines the concepts and types of credit card fraud , credit card fraud causes to explain the legal basis of the fraud exception principle . Then combined with the Anglo-American -related cases, as well as the U.S. Uniform Commercial Code \Next comes the Remedy system of credit card fraud cases , that is, to request the bank refused to pay or apply for an injunction , and details the applicable standards . Finally, the combination of the force in January 2006 , the provisions of the Supreme People's Court on hearing the letter of credit disputes a number of issues , analysis of the legislative status quo of the fraud exception , a number of problems in the judicial practice at this stage and make recommendations .