{"iri":"https://folio.openlegalstandard.org/RCDzQ1P6vPQJSomNGGqxvlR","label":"Letter of Credit Obligation Breached","sub_class_of":["https://folio.openlegalstandard.org/RBKpy2Nyht27CqaMOeeTx1N"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R7PHFZzZmVmczzNQl6iZKsa","https://folio.openlegalstandard.org/RBWWm7M917awGxBEiWI5XsG","https://folio.openlegalstandard.org/RC27xIi05f9TBUDgpjVvuCg"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"pt-br":"Obrigação de carta de crédito violada","de-de":"Verletzung der Akkreditivverpflichtung","fr-fr":"Violation de l'obligation de lettre de crédit","ja-jp":"信用状の義務違反","zh-cn":"信用证义务违约"},"hidden_label":null,"definition":"A Letter of Credit Obligation Breached refers to a situation where a party fails to fulfill their obligation to pay under a letter of credit, which is a document issued by a bank guaranteeing payment to a seller of goods or services.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}