# Letter of Credit Obligation Breached

**IRI:** https://folio.openlegalstandard.org/RCDzQ1P6vPQJSomNGGqxvlR

## Labels

**Translations:**

- 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
- pt-br: Obrigação de carta de crédito violada
- zh-cn: 信用证义务违约

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RBKpy2Nyht27CqaMOeeTx1N

## See Also

- https://folio.openlegalstandard.org/R7PHFZzZmVmczzNQl6iZKsa
- https://folio.openlegalstandard.org/RBWWm7M917awGxBEiWI5XsG
- https://folio.openlegalstandard.org/RC27xIi05f9TBUDgpjVvuCg

**Deprecated:** False