Legal Opinion
Sound of Market Street, Inc. v. Continental Bank International
Court of Appeals for the Third Circuit
Decided June 15, 1987No. 86-1358PublishedCited by 24 opinions
1Opinion of the Court
OPINION OF THE COURT
STAPLETON, Circuit Judge:
In this case, the beneficiary of a letter of credit, Sound of Market Street, Inc. (“Sound of Market”), sued an advising bank, Continental Bank International (“Continental”), alleging that Continental’s delay in advising the letter of credit to Sound of Market resulted in Sound of Market’s failure to meet the shipping date required by the letter of credit and that the delay breached Continental’s duty to Sound of Market under the Uniform Commercial Code (“UCC”) and the common law. The district court held that an advising bank owed the beneficiary a…
2Cases cited44 opinions
- Glanzer v. . ShepardNew York Court of Appeals · 1922
- Turcotte v. FellNew York Court of Appeals · 1986
- H. R. Moch Co. v. Rensselaer Water Co.New York Court of Appeals · 1928
- Burns Jackson Miller Summit & Spitzer v. LindnerNew York Court of Appeals · 1983
- Sinn v. BurdSupreme Court of Pennsylvania · 1979
39 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Waters v. AutuoriSupreme Court of Connecticut · 1996
- Greg Allen Const. Co., Inc. v. EstelleIndiana Supreme Court · 2003
- Samuel Rappaport Family Partnership v. Meridian BankSuperior Court of Pennsylvania · 1995
- Alaska Textile Co., Inc. v. Chase Manhattan Bank, N.A.Court of Appeals for the Second Circuit · 1992
- Youkelsone v. Washington Mutual, Inc. (In Re Washington Mutual, Inc.)United States Bankruptcy Court, D. Delaware · 2009
19 more not listed; retrieve them via the Exa API.