Legal Opinion
Aetna Life and Casualty Company v. Huntington National Bank
Court of Appeals for the Sixth Circuit
Decided May 20, 1991No. 90-3047PublishedCited by 5 opinions
1Opinion of the Court
LIVELY, Senior Circuit Judge.
This case requires the interpretation and application of a provision of the Uniform Commercial Code (UCC), as adopted by the Ohio legislature in Title XIII of Ohio Revised Code (O.R.C.). More specifically, we are concerned with the provision of UCC § 5-114(2), O.R.C. § 1305.13(B), which permits the issuer of a letter of credit to refuse payment, or to dishonor, a draft presented with the letter of credit because of alleged “fraud in the transaction.”
In this case the district court found that there was no fraud in the transaction, and entered summary judgment…
2Cases cited14 opinions
- Harris Corporation v. National Iranian Radio and Television and Bank Melli Iran, DefendantsCourt of Appeals for the Eleventh Circuit · 1982
- Kmw International v. Chase Manhattan Bank, N. A.Court of Appeals for the Second Circuit · 1979
- Itek Corporation v. The First National Bank of Boston, Bank Melli IranCourt of Appeals for the First Circuit · 1984
- Roman Ceramics Corp. v. Peoples National BankCourt of Appeals for the Third Circuit · 1983
- The Emery-Waterhouse Company v. Rhode Island Hospital Trust National Bank, the Emery-Waterhouse Company v. Rhode Island Hospital Trust National BankCourt of Appeals for the First Circuit · 1985
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3Cited by5 opinions
- State ex rel. Barclays Bank PLC v. Court of Common PleasOhio Supreme Court · 1996
- State ex rel. Barclays Bank PLC v. Hamilton Cty. Court of Common PleasOhio Supreme Court · 1996
- Shell v. R.W. Sturge Ltd.District Court, S.D. Ohio · 1993
- Phillips College, Inc. v. RileyDistrict Court, District of Columbia · 1994
- United States v. Allegheny Ludlum Corp.District Court, W.D. Pennsylvania · 2000