Legal Opinion
Bank of North Carolina v. Rock Island Bank
District Court, C.D. Illinois
Decided June 4, 1979No. RI-CIV-76-16PublishedCited by 3 opinions
1Opinion of the Court
DECISION AND ORDER
ROBERT D. MORGAN, Chief Judge.
Plaintiff, Bank of North Carolina,1 filed its complaint against The Rock Island Bank,2 alleging that Rock Island did, on June 5, 1969, issue an irrevocable letter of credit, “or commitment,” to purchase at maturity a certain promissory note of Lorraine Realty Corporation.3 A copy of the note in the principal amount of $400,000, dated June 5,1969, is attached as an exhibit to the complaint. The complaint further alleges that NC is a bona fide holder of the note in due course, that NC tendered the note to RI for payment, but that payment was…
2Cases cited7 opinions
- Knass v. Madison & Kedzie State BankIllinois Supreme Court · 1933
- Boris S. Browzin v. Catholic University of America, a CorporationCourt of Appeals for the D.C. Circuit · 1975
- Bank of North Carolina, N.A. v. The Rock Island Bank, an Illinois CorporationCourt of Appeals for the Seventh Circuit · 1978
- Winter & Hirsch, Inc. v. PassarelliAppellate Court of Illinois · 1970
- Dick v. HalunIllinois Supreme Court · 1931
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Bank of North Carolina, N. A. v. The Rock Island Bank, an Illinois CorporationCourt of Appeals for the Seventh Circuit · 1980
- Stringer Construction Co. v. American InsuranceAppellate Court of Illinois · 1981
- Leopold v. HalleckAppellate Court of Illinois · 1982