Legal Opinion
Bossier Bank & Trust Co. v. Union Planters National Bank
Court of Appeals for the Sixth Circuit
Decided March 7, 1977No. Nos. 76-1290, 76-1291PublishedCited by 7 opinions
1Per curiam
On June 28, 1973, Union Planters National Bank of Memphis issued a letter of credit to Bossier Bank and Trust Co. of Bossier City, Louisiana, in the amount of $450,000. The letter of credit by its terms agreed to honor sight drafts drawn on it by Bossier in the aggregate amount of $450,000. Bossier presented to Union Planters a sight draft in the amount of $450,000, which was dishonored on October 7, 1974.
Bossier thereupon filed the present suit for $450,000, plus interest and incidental damages. Jurisdiction is based upon diversity of citizenship and Tennessee law controls.
Both banks filed…
2Cases cited5 opinions
- Alyeska Pipeline Service Co. v. Wilderness SocietySupreme Court of the United States · 1975
- Dynamics Corp. of America v. Citizens & Southern National BankDistrict Court, N.D. Georgia · 1973
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Thayer v. Wright CompanyCourt of Appeals of Tennessee · 1961
- J. O. Tankersley v. Cumberland Frozen Foods, Inc.Court of Appeals for the Sixth Circuit · 1960
3Cited by7 opinions
- East Girard Savings Association v. Citizens National Bank and Trust Company of BaytownCourt of Appeals for the Fifth Circuit · 1979
- Data General Corp. v. Citizens National BankDistrict Court, D. Connecticut · 1980
- Security Finance Group, Inc., Benz General Partnership 1, and Jag General Partnership No. 1 v. Northern Kentucky Bank and Trust, Inc.Court of Appeals for the Sixth Circuit · 1988
- Armac Industries, Ltd. v. CitytrustSupreme Court of Connecticut · 1987
- Bossier Bank & Trust Company v. Union Planters National Bank Of MemphisCourt of Appeals for the Sixth Circuit · 1977
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