H. O. Wilbur & Sons, Inc. v. Lamborn

Opinion by

Mr. Justice Schaffer,

This action was brought by plaintiff to recover the sum of $71,344, being the amount of two irrevocable letters of credit established by it in defendants’ favor at the Philadelphia National Bank, which the latter collected, and which represented the price of 1,500 bags of sugar purchased by plaintiff from defendants and shipped by them from Java. At trial, the court directed a verdict for defendants; from the resulting judgment, plaintiff appeals.

The dispute between the parties centers in the interpretation of two contracts covering the sale and shipment of the…