Legal Opinion
Wells Fargo Nevada Nat. Bank of San Francisco v. Corn Exchange Nat. Bank
Court of Appeals for the Seventh Circuit
Decided December 16, 1927No. 3921PublishedCited by 5 opinions
1Opinion of the Court
PAGE, Circuit Judge.
Plaintiff (plaintiff in error) sued defendant (defendant in error) because of the latter’s refusal to pay a draft, drawn against its letter of credit. The jury returned an instructed verdict for the defendant. So far as here material, the letter of credit reads:
“To the New York Oversea Company, Inc., No. 314 Cole Building, San Francisco—Gentlemen: We hereby authorize you to draw on the Com Exchange National Bank, in Chicago, at sight for any sum or sums not exceeding in all four hundred twenty-live thousand dollars U. S. gold for account of Western and National Grocer…
2Cases cited1 opinion
- Old Colony Trust Co. v. Lawyers' Title & Trust Co.Court of Appeals for the Second Circuit · 1924
3Cited by5 opinions
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Liberty National Bank & Trust Co. v. Bank of America National Trust & Savings Ass'nCourt of Appeals for the Tenth Circuit · 1955
- Crocker First Nat. Bank of San Francisco v. De SousaCourt of Appeals for the Ninth Circuit · 1928
- Liberty National Bank & Trust Company, a National Banking Association v. Bank of America National Trust & Savings Association, a National Banking Association, Bank of America National Trust & Savings Association, a National Banking Association, Cross-Appellant v. Liberty National Bank & Trust Company, a National Banking Association, Cross-AppelleeCourt of Appeals for the Tenth Circuit · 1955
- Western Grocer Co. v. New York Oversea Co.District Court, N.D. California · 1928