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1) Explain the principle of autonomy under letter of credit and support your explanation by the relevant provisions of the UCP600 Rules and by caselaw.

1) Explain the principle of autonomy under letter of credit and support your explanation by the relevant provisions of the UCP600 Rules and by caselaw.

2) Explain the fraud exception under letter of credit and support your explanation by the relevant provisions of the UCP600 Rules and by caselaw.

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