Legal Opinion
Mutual Export Corp. v. Westpac Banking Corp.
District Court, S.D. New York
Decided April 21, 1992No. 90 Civ. 1479 (WK)PublishedCited by 2 opinions
1Opinion of the Court
OPINION AND ORDER
WHITMAN KNAPP, District Judge.
Plaintiff Mutual Export Corp. comes before us with a tale of woe from Downun-der, seeking reformation of a letter of credit that terminated too early as a result of blunder. The parties, agreeing that the facts are for the most part undisputed, have cross moved for summary judgment. For the reasons that follow, plaintiff’s motion is granted and defendant’s denied.
FACTS 1
In June, 1985, Reefer Express Lines Pty. Ltd. (“Reefer”) divided the capital stock of its wholly owned subsidiary Refrigerated Express Lines (A/Asia) Pty. Ltd. (“Refrigerated”)…
2Cases cited2 opinions
- Marino Industries Corp., Cross-Appellee v. The Chase Manhattan Bank, N.A., Cross-AppellantCourt of Appeals for the Second Circuit · 1982
- In the Matter of Coral Petroleum, Inc., Debtor. Tradax Petroleum American, Inc. v. Coral Petroleum, Inc.Court of Appeals for the Fifth Circuit · 1989
3Cited by2 opinions
- Mutual Export Corporation v. Westpac Banking CorporationCourt of Appeals for the Second Circuit · 1993
- Mutual Export Corporation v. Westpac Banking CorporationCourt of Appeals for the Second Circuit · 1993