Legal Opinion
Kelly-Springfield Tire Co. v. Dakota Northwestern Bank, N.A.
North Dakota Supreme Court
Decided July 9, 1982No. Civ. 10124PublishedCited by 4 opinions
1Opinion of the Court
PAULSON, Justice.
This case involves the “arcane mysteries” 1 of a letter of credit. Kelly-Springfield Tire Company [Tire Company], beneficiary of an irrevocable letter of credit issued by Dakota Northwestern Bank, N. A. [Bank], brought suit against the Bank alleging that the Bank wrongfully dishonored the Tire Company’s demand for payment under the letter of credit. The Bank, in turn, filed a third-party complaint against Raymond Hoffman [Hoffman], the customer at whose request the letter of credit was issued, alleging that Hoffman would be liable to the Bank in the event that the Bank was…
2Cases cited11 opinions
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- Chase Manhattan Bank v. EquibankCourt of Appeals for the Third Circuit · 1977
- Flagship Cruises, Ltd. v. New England Merchants National Bank of Boston, and Chemical BankCourt of Appeals for the First Circuit · 1978
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Insurance Company of North America v. Heritage Bank, N. ACourt of Appeals for the Third Circuit · 1979
6 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Leaseamerica Corporation v. Norwest Bank Duluth, N.A.Court of Appeals for the Eighth Circuit · 1991
- Bisker v. Nationsbank, N.A.District of Columbia Court of Appeals · 1996
- Aasmundstad v. Dickinson State CollegeNorth Dakota Supreme Court · 1983
- Aasmundstad v. Dickinson State CollegeNorth Dakota Supreme Court · 1983