Legal Opinion
Gillman v. Chase Manhattan Bank, N. A.
New York Court of Appeals
Decided December 22, 1988PublishedCited by 373 opinions
1Opinion of the Court
OPINION OF THE COURT
Hancock, Jr., J.
This appeal presents questions concerning actions taken by Chase Manhattan Bank, N. A. (Chase) with respect to the commercial bank account of a customer, Jamaica Tobacco and Sales Corp. (Jamaica Tobacco) which Chase contends were authorized by the terms of a security agreement executed by the customer in applying for a letter of credit. Chase issued a $400,000 irrevocable letter of credit to Jamaica Tobacco as account party for the benefit of Aetna Casualty and Surety Company (Aetna). Aetna required the letter of credit for its issuance of a surety bond to…
2Cases cited19 opinions
- Pimpinello v. Swift & Co.New York Court of Appeals · 1930
- Metzger v. . &198tna Ins. Co.New York Court of Appeals · 1920
- Equitable Lumber Corp. v. IPA Land Development Corp.New York Court of Appeals · 1976
- State v. WolowitzAppellate Division of the Supreme Court of the State of New York · 1983
- Cayuga Harvester, Inc. v. Allis-Chalmers Corp.Appellate Division of the Supreme Court of the State of New York · 1983
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3Cited by373 opinions
- Dallas Aerospace, Inc., Plaintiff-Counter-Defendant-Appellant v. Cis Air Corporation, Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 2003
- Kevin Nguyen v. Barnes & Noble Inc.Court of Appeals for the Ninth Circuit · 2014
- Ragone v. Atlantic Video at the Manhattan CenterCourt of Appeals for the Second Circuit · 2010
- Spinelli v. National Football LeagueCourt of Appeals for the Second Circuit · 2018
- Morris v. Snappy Car Rental, Inc.New York Court of Appeals · 1994
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