The problems are based largely on actual cases. In some instances, the problems will require you use knowledge you gained several screens back. Researchers have determined that this type of delayed reinforcement improves retention. It will not be necessary to page backward to review, however, because the problem will contain links to UCC sections which you can use to refresh your recollection of the principles you learned earlier. When you have completed this exercise, you will have a good understanding of the basic principles of letters of credit.
Further instructions are available on the last page of the exercise.
If you do not desire CLE credit, you are welcome to use the exercise. There is no charge unless you desire CLE credit.