Idaho State Statutes - Idaho Attorney Directory

(1) A financing agency by paying or
purchasing for value a draft which relates to a shipment of goods acquires to
the extent of the payment or purchase and in addition to its own rights under
the draft and any document of title securing it any rights of the shipper in
the goods including the right to stop delivery and the shipper's right to have
the draft honored by the buyer.
(2) The right to reimbursement of a financing agency which has in good
faith honored or purchased the draft under commitment to or authority from the
buyer is not impaired by subsequent discovery of defects with reference to any
relevant document which was apparently regular.

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