Article 872. Responsibility of a bank for violation of the conditions of a letter of credit.

1. Responsibility for violation of the terms of the letter of credit to the payer shall be borne by the emitting bank, and to the emitting bank by the performing bank, except in cases provided for in this article. 2. In the event of an unreasonable refusal of the executing bank to pay cash under a covered or confirmed letter of credit, responsibility to the recipient of funds may be placed on the executing bank. 3. In the case of an executing bank of an incorrect payment of funds under a covered or confirmed letter of credit due to violation of the conditions of a letter of credit, responsibility to the payer may be placed on the executing bank.

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Links to other articles of chapter 46. Calculations:
Article 861. Cash and non-cash payments.
Article 862. Forms of non-cash payments.
Article 863. General provisions on the settlement of payment orders.
Article 864. Conditions for execution by a bank of a payment order.
Article 865. Execution of instructions.
Article 866. Responsibility for non-execution or improper execution of the order.
Article 867. General provisions on settlements under a letter of credit.
Article 868. Revocable letter of credit.
Article 869. Irrevocable letter of credit.
Article 870. Execution of a letter of credit.
Article 871. Refusal to accept documents.
Article 873. Closing of a letter of credit.
Article 874. General provisions on settlements under collection.
Article 875. Execution of a collection order.
Article 876. Notification of operations performed.
Article 877. General provisions on payment by check.
Article 878. Check details.
Article 879. Payment of check.
Article 880. Transfer of rights by check.
Article 881. Payment Guarantee.
Article 882. Collection of check.
Article 883. Certificate of Refusal to Pay a Check.
Article 884. Notice of non-payment of the check.
Article 885. Consequences of non-payment of a check.