Legal Opinion
Centennial Industries, Inc. v. Union Trust Co.
Court of Special Appeals of Maryland
Decided May 10, 1988No. 1345, September Term, 1987PublishedCited by 5 opinions
1Opinion of the Court
JAMES S. GETTY, Judge,
Specially Assigned.
This is an appeal by Centennial Industries, Inc., from a denial of its motion to vacate a confessed judgment, in the amount of $50,000.00, obtained by Union Trust Company of Maryland. Intertwined in this question are issues of good faith dealing between parties, meritorious defenses and the commercial vitality and function of letters of credit. We begin with a factual recitation of the transactions between the parties.
In 1984 Centennial was engaged as a contractor by the United States Department of Agriculture (U.S.D.A.) for the purpose of supplying…
2Cases cited8 opinions
- Jacques v. First National BankCourt of Appeals of Maryland · 1986
- Stankovich v. LehmanCourt of Appeals of Maryland · 1963
- AMF Head Sports Wear, Inc. v. Ray Scott's All-American Sports Club, Inc.District Court, D. Arizona · 1978
- Chew v. MeyerCourt of Special Appeals of Maryland · 1987
- Dubose Steel, Inc. v. Branch Banking and Trust Co.Court of Appeals of North Carolina · 1985
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3Cited by5 opinions
- Parker v. Columbia BankCourt of Special Appeals of Maryland · 1992
- Sempione v. Provident Bank of MarylandCourt of Appeals for the Fourth Circuit · 1996
- Atlantic Leasing & Financial, Inc., a Corporation v. Ipm Technology, Inc.Court of Appeals for the Fourth Circuit · 1989
- Banca Del Sempione v. Suriel Finance, N.V.District Court, D. Maryland · 1994
- Banca Del Sempione v. Suriel Finance N.V.Court of Appeals for the Fourth Circuit · 1996