Legal Opinion
Dulien Steel Products, Inc. of Wash. v. Bankers Trust Co.
District Court, S.D. New York
Decided December 19, 1960PublishedCited by 8 opinions
1Opinion of the Court
FREDERICK van PELT BRYAN, District Judge.
This action concerns a letter of credit in the sum of $60,500 in favor of one Richard Sica which was opened for the account of plaintiff Dulien Steel Products, Inc. by Seattle-First National Bank and confirmed by defendant Bankers Trust Company. Bankers paid the face amount of the letter to the beneficiary Sica. Dulien seeks to recover from Bankers the amount so paid.
The complaint alleges two claims. The first is on the theory that Bankers, having repeatedly requested instructions as to payment, and being advised of amendments to the credit, paid Sica…
2Cases cited14 opinions
- Maurice O'Meara Co. v. National Park BankNew York Court of Appeals · 1925
- Sztejn v. J. Henry Schroder Banking Corp.New York Supreme Court · 1941
- Courteen Seed Co. v. Hong Kong & Shanghai Banking Corp.New York Court of Appeals · 1927
- Laudisi v. American Exchange National BankNew York Court of Appeals · 1924
- Lamborn v. National Park BankNew York Court of Appeals · 1925
9 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- J. Zeevi & Sons, Ltd. v. Grindlays BankNew York Court of Appeals · 1975
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Bank of Cochin Ltd. v. Manufacturers Hanover Trust Co.District Court, S.D. New York · 1985
- Bank of the Southeast v. JacksonSupreme Court of Alabama · 1982
- Kools v. Citibank, N.A.District Court, S.D. New York · 1995
3 more not listed; retrieve them via the Exa API.