Occidental Fire & Casualty Co. v. Continental Illinois National Bank & Trust Co.
District Court, E.D. North Carolina
1Opinion of the Court
ORDER
TERRENCE WILLIAM BOYLE, District Judge.
This dispute involves letters of credit issued by defendant bank and naming plaintiff as a beneficiary. Plaintiff filed this action when defendant refused to honor the letters of credit presented by plaintiff. Defendant alleges that the presentation did not conform with the terms of the letters. Defendant’s motions to dismiss for lack of jurisdiction and failure to state a claim are before the court at this time.
FACTUAL BACKGROUND
On February 6, 1987, plaintiff presented seven letters of credit to defendant. Five days later, defendant dishonored all…
2Cases cited15 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
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- Asahi Metal Industry Co. v. Superior Court of Cal., Solano Cty.Supreme Court of the United States · 1987
- Pennoyer v. NeffSupreme Court of the United States · 1878
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