Legal Opinion
Chase Manhattan Bank v. Equibank
Court of Appeals for the Third Circuit
Decided February 16, 1977No. 76-1638PublishedCited by 58 opinions
1Opinion of the Court
OPINION OF THE COURT
WEIS, Circuit Judge.
Whether equity bans Equibank from rejecting the Chase paper must be decided in this dispute over a letter of credit. The beneficiary contended that its tardy presentation of documents was the result of an agreement by the issuing bank to extend the time beyond that specified in the letter. The district court held that a waiver would be ineffective without the consent of the bank’s customer who had caused the letter *884to issue. We hold that waiver can be enforced as against the issuing bank, and vacate a summary judgment in its favor.
In 1971, the Chase…
2Cases cited10 opinions
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Intraworld Industries, Inc. v. Girard Trust BankSupreme Court of Pennsylvania · 1975
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- Painton & Company, Ltd., Plaintiff-Appellee-Cross-Appellant v. Bourns, Inc., Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 1971
5 more not listed; retrieve them via the Exa API.
3Cited by58 opinions
- National Surety Corporation, a Corporation of the State of New York v. The Midland Bank, a Corporation of New JerseyCourt of Appeals for the Third Circuit · 1977
- Ettinger v. JohnsonCourt of Appeals for the Third Circuit · 1977
- Pringle-Associated Mortgage Corporation, a Louisiana Corporation v. Southern National Bank of Hattiesburg, Mississippi, a National Banking CorporationCourt of Appeals for the Fifth Circuit · 1978
- Siderius, Inc. v. Wallace Co., Inc.Court of Appeals of Texas · 1979
- Colorado National Bank of Denver v. Board of County CommissionersSupreme Court of Colorado · 1981
53 more not listed; retrieve them via the Exa API.