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Please Subscribe like and share this content it means a lot to us thank you in advance Cornell Law School UCC Article 5 letters of credit paragraph 5101 short title this article shall be known and may be cited as Uniform Commercial Code letters of credit paragraph 5102 definitions a in this article one advisor means a person who at the request of the issuer a confirmer or another advisor notifies or requests another advisor to notify the beneficiary that a letter of credit has been issued confirmed or amended to applicant means a person got whose request or for whose account a letter of credit is issued the term includes a person who requests an issuer to issue a letter of credit on behalf of another if the person making the request undertakes an obligation to reimburse the issuer three beneficiary means a person who under the terms of a letter of credit is entitled to have its complying presentation honored the term includes a person to whom drawing rights have been transferred under