Legal Opinion
Insurance Company of North America v. Heritage Bank, N. A
Court of Appeals for the Third Circuit
Decided March 19, 1979No. 78-2027, 78-2028PublishedCited by 33 opinions
1Opinion of the Court
OPINION OF THE COURT
2Per curiam
In order to appeal a judgment against them that had been entered in the Pennsyl vania state court system, Horace and Jean Billings were required to post a bond. To induce the Insurance Company of North America (INA) to post such a bond, the Billingses requested Heritage Bank to issue a letter of credit in the amount of $78,-673.00 in favor of INA. 1 The letter of credit was issued on December 2, 1976, and by its terms was to remain valid until October 21, 1977. In the letter, Heritage committed itself to honor INA’s “drafts at sight accompanied by written evidence to the…
3Cases cited7 opinions
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Intraworld Industries, Inc. v. Girard Trust BankSupreme Court of Pennsylvania · 1975
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- Chase Manhattan Bank v. EquibankCourt of Appeals for the Third Circuit · 1977
- Flagship Cruises, Ltd. v. New England Merchants National Bank of Boston, and Chemical BankCourt of Appeals for the First Circuit · 1978
2 more not listed; retrieve them via the Exa API.
4Cited by33 opinions
- Page v. First National Bank of MaryLand (In Re Page)District Court, District of Columbia · 1982
- In Re Valley Vue Joint VentureUnited States Bankruptcy Court, E.D. Virginia · 1991
- Sound of Market Street, Inc. v. Continental Bank InternationalCourt of Appeals for the Third Circuit · 1987
- Consolidated Aluminum Corporation v. Bank of Virginia and Graf-Comm., Inc.Court of Appeals for the Fourth Circuit · 1983
- Consolidated Aluminum Corp. v. Bank of VirginiaDistrict Court, D. Maryland · 1982
28 more not listed; retrieve them via the Exa API.