Letter of Credit Forum

finace for loans 

India.

if docs are required to be issued by co A and signed by auth sign of co A
but if A signs on letterhead of co B, is it acceptable ?

regards,

phe9oxis,

http://www.guidebuddha.com

Dear Avitica,

To my mind this question has nothing to do with UCPDC 600. It encompasses around the basic principles of law of contract. Here the contract is between the issuing bank and company (say X); it has nothing to do with Mr.A, who is an individual entity.
Legally A could have been employed with company B also & when he signs on the letter head of company X, the contract represents that of company X and when he is signing on behalf of company B in that company letter head, that represents the contract of company B.
By applying this principle one cannot accept the letter signed by A in the letter head of company B, which is not a party to the contract.
Regards,
Sairam
www.paramshree.com  

I should think not.

In your case, the issuing body is B, regardless of the fact that A has signed. The assumption would be that A is signing by authority of B, and that the representation made on the document is emanating from B.

Other views welcome