Legal Opinion
Laudisi v. American Exchange National Bank
New York Court of Appeals
Decided December 19, 1924PublishedCited by 34 opinions
1Opinion of the Court
The plaintiff, who lived on Long Island, made a contract with Grande Di Paola, Incorporated, which was doing business in New York city, for the purchase of a quantity of Alicante Bouchez grapes which were to be shipped from California. As a method of paying for said grapes he made a contract with the defendant for the issue to said vendor of a letter of credit under which the latter's drafts for the purchase price of the grapes were to be paid by defendant on presentation when accompanied by certain documents. Grapes were shipped to plaintiff from California in purported execution of this…
2Cases cited3 opinions
- Bank of Montreal v. . RecknagelNew York Court of Appeals · 1888
- Bank of Italy v. Merchants National BankNew York Court of Appeals · 1923
- Dworkwitz v. . New York Central R.R. Co.New York Court of Appeals · 1920
3Cited by34 opinions
- Intraworld Industries, Inc. v. Girard Trust BankSupreme Court of Pennsylvania · 1975
- Marino Industries Corp., Cross-Appellee v. The Chase Manhattan Bank, N.A., Cross-AppellantCourt of Appeals for the Second Circuit · 1982
- Bank of Cochin Ltd. v. Manufacturers Hanover Trust Co.District Court, S.D. New York · 1985
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Supreme Merchandise Co. v. Chemical BankNew York Court of Appeals · 1987
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