Choice of Law
Statutes
Letters of Credit
The liability of an issuer, nominated person, or adviser for action or omission is governed by the law of the jurisdiction chosen by an agreement in the form of a record signed or otherwise authenticated by the affected parties or by a provision in the person’s letter of credit, confirmation, or other undertaking. The jurisdiction whose law is chosen need not bear any relation to the transaction. (W.S. § 34.1-5-116)
Leases
If the law chosen by the parties to a consumer lease is that of a jurisdiction other than a jurisdiction in which the lessee resides at the time the lease agreement becomes enforceable or within 30 days after or in which the goods are to be used, the choice is not enforceable. (W.S. § 34.1-2.A-106)"
Cases
Comments
Contributors
The statutory information was edited and reviewed with the support of MultiState