Courteen Seed Co. v. Hong Kong & Shanghai Banking Corp.

The damages sought to be recovered from defendant here arose through the loss by plaintiff of over $380,000 in its sale of certain alfalfa seed, which it had purchased at Vladivostok in Siberian Russia for resale here to its customers. The defendant had been requested by the Union Trust Company of Chicago to “ handle ” the transaction involving the issue of a letter of credit by the Union Trust Company in the seller’s favor, payable at Vladivostok, against shipping documents described therein for $545,000, afterwards increased to $600,000, and defendant had undertaken the business of “…