Legal Opinion
Continental Time Corp. v. Swiss Credit Bank
District Court, S.D. New York
Decided July 19, 1982No. 81 Civ. 7389 (MEL)PublishedCited by 26 opinions
1Opinion of the Court
LASKER, District Judge.
Continental Time Corp. (“Continental”) sues to recover damages allegedly arising out of Credit Suisse’s (“Swiss Credit”) wrongful refusal to honor its obligations under an irrevocable letter of credit. The letter of credit was issued on January 10, 1980, in favor of Continental. On January 21, 1980, Continental assigned its entire interest in the letter of credit to S. Frederick & Company (“Frederick”) and to Arlington Distributing Co., Inc. (“Arlington”). On January 29,1980, Swiss Credit advised Merchants Bank, where Frederick held his account, that the air waybill did…
2Cases cited4 opinions
- Landis v. North American Co.Supreme Court of the United States · 1936
- Semmes Motors, Inc., Suing on Behalf of Itself and Together With Ford Dealers Alliance, Inc., Etc. v. Ford Motor CompanyCourt of Appeals for the Second Circuit · 1970
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- IJA, INC. v. Marine Holdings, Ltd., Inc.District Court, E.D. Pennsylvania · 1981
3Cited by26 opinions
- Houbigant, Inc. v. ACB Mercantile, Inc.District Court, S.D. New York · 1996
- Ronar, Inc. v. WallaceDistrict Court, S.D. New York · 1986
- Turner Entertainment Co. v. Degeto Film GmbHCourt of Appeals for the Eleventh Circuit · 1994
- Caspian Investments, Ltd. v. Vicom Holdings, Ltd.District Court, S.D. New York · 1991
- World Wrestling Entertainment, Inc. v. Jakks Pacific, Inc.District Court, S.D. New York · 2006
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