Eddowes v. Niell

4 U.S. 133 (____)

4 Dall. 133

Eddowes et al.

versus

T. Niell.

Supreme Court of United States.

Tilghman, and Bowie, for the plaintiffs.

Ingersoll, Smith, and Duncan, for the defendant.

By the COURT:

Letters of credit are a common, and useful, instrument in the course of commerce. They are, however, of a very serious nature; and the writer is bound to comply with the contents, according to their genuine and honest import. In order to render them obligatory as a contract, it is not necessary, that they should be answered, if credit is given upon them. Like the case of transmitting a bond in a letter,…