The Uniform Commercial Code has become both an indispensable part of the study of law, and an essential part of legal practice. But despite the importance and impact of the Code, many practitioners and students find it difficult to master. The ABCs of the UCC is a series of primers, which cut out the convoluted discussion that often accompany legal literature to provide the basic concepts and operations of the Code articles' in a simple, straightforward style. This book explains in a simplified yet comprehensive way the law of letters of credit as codified in revised UCC Article 5.