Legal Opinion
Bank of Italy v. Merchants National Bank
New York Court of Appeals
Decided May 29, 1923PublishedCited by 20 opinions
1Opinion of the CourtAndrews, J.
By telegram addressed to the Bank of Italy at San Francisco, the Merchants National Bank of Dunkirk guaranteed payment .for two carloads- of “ dried grapes ” bought by local merchants of one Rossi, stating that “ payment will be made on presentation original bill lading here.” Thereupon Rossi presented to the respondent bills of lading for two carloads of “ raisins ” consigned to the purchaser and the bank advanced upon them some $22,000. In due course these bills of lading were then presented to the appellant for payment but payment was refused. The sole question before us is whether such…
2Cases cited5 opinions
- Evansville National Bank v. KaufmannNew York Court of Appeals · 1883
- Bank of Montreal v. . RecknagelNew York Court of Appeals · 1888
- Decatur Bank v. St. Louis BankSupreme Court of the United States · 1875
- Lamborn v. . the Lake Shore Banking and Trust CompanyNew York Court of Appeals · 1921
- Germania National Bank of New Orleans v. TaaksNew York Court of Appeals · 1886
3Cited by20 opinions
- Bank of Cochin Ltd. v. Manufacturers Hanover Trust Co.District Court, S.D. New York · 1985
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Laudisi v. American Exchange National BankNew York Court of Appeals · 1924
- International Fidelity Insurance v. County of RocklandDistrict Court, S.D. New York · 2000
- Continental Nat. Bank v. National City Bank of New YorkCourt of Appeals for the Ninth Circuit · 1934
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