Moss v. Old Colony Trust Co.
Massachusetts Supreme Judicial Court
1Opinion of the CourtRugg, C.J.
• This is an action of contract by merchants resident in Buenos Aires, Argentina, who seek to' recover damages against the defendant, a banking institution of this Commonwealth, arising from its refusal to accept and pay four drafts aggregating over $2,000,000 drawn by them on the defendant under a letter of credit issued by it in their favor. The conditions out of which the case arises were the great • scarcity of sugar in the United States dining a part of 1920, with consequent exceptionally high prices. During that period purchases or contracts for the purchase and import of sugar from…
2Cases cited40 opinions
- Railway Co. v. McCarthySupreme Court of the United States · 1878
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- Glover v. Waltham Laundry Co.Massachusetts Supreme Judicial Court · 1920
- Eustace v. DickeyMassachusetts Supreme Judicial Court · 1921
- Koshland v. Columbia InsuranceMassachusetts Supreme Judicial Court · 1921
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3Cited by281 opinions
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- Commonwealth v. GalloMassachusetts Supreme Judicial Court · 1931
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