Bank of New York v. Amoco Oil Co.
Court of Appeals for the Second Circuit
1Opinion of the Court
OAKES, Senior Circuit Judge:
Amoco Oil Company appeals from a judgment of the Southern District of New York, Charles H. Tenney, Judge, (1) finding that (a) “holding certificates” issued by Amoco, as lessee, evidencing the lessor’s ownership of and right to a quantity of leased platinum constituted negotiable “documents of title” .under Article 7 of the Uniform Commercial Code and (b) the “holding certificates” were duly negotiated to the Bank of New York; and (2) awarding the Bank of New York $550,000 plus prejudgment interest for damages caused when Amoco failed promptly to deliver the…
2Cases cited37 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Salve Regina College v. RussellSupreme Court of the United States · 1991
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