Island Trading Co. v. Berg Brothers

This is an action for conversion. Murat Bey of New York sold merchandise to plaintiff, a corporation of Manila, P. I., and bought of defendant, a New York corporation. He had a letter of credit, issued at request of plaintiff, by the Philippine National Bank whereby the bank agreed that its New York agency Would cash drafts accompanied by. parcel post receipts and certified invoices to cover cost of leather goods and hosiery to be shipped by him to plaintiff. He bought from defendant such merchandise of the value of upwards of $1,200. Defendant did up the merchandise, addressed the packages…