Williams Ice Cream Co. v. Chase National Bank

Finch, J.:

The only question involved herein is whether the plaintiff was entitled to an injunction restraining the payment by the defendant Chase National Bank of drafts drawn against a certain letter of credit. A preliminary injunction had been obtained and vacated and payment of the drafts actually made. The action, however, was continued to trial in order to determine the question of liability on the undertaking given in connection with the said preliminary injunction.

It appears that the plaintiff purchased of the defendant Lamborn & Co. certain sugar, and in order to pay therefor, agreed…