Legal Opinion
Evra Corp. v. Swiss Bank Corp.
Court of Appeals for the Seventh Circuit
Decided March 19, 1982No. Nos. 81-1925, 81-1926PublishedCited by 68 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The question — one of first impression — in this diversity case is the extent of a bank’s liability for failure to make a transfer of funds when requested by wire to do so. The essential facts are undisputed. In 1972 Hyman-Michaels Company, a large Chicago dealer in scrap metal, entered into a two-year contract to supply steel scrap to a Brazilian corporation. Hyman-Michaels chartered a ship, the Pandora, to carry the scrap to Brazil. The charter was for one year, with an option to extend the charter for a second year; specified a fixed daily rate of pay for the hire of…
2Cases cited25 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Owen Equipment & Erection Co. v. KrogerSupreme Court of the United States · 1978
- Palsgraf v. Long Island R.R. Co.New York Court of Appeals · 1928
- Moore v. New York Cotton ExchangeSupreme Court of the United States · 1926
- Ney v. Yellow Cab Co.Illinois Supreme Court · 1954
20 more not listed; retrieve them via the Exa API.
3Cited by68 opinions
- State v. WarnerOhio Supreme Court · 1990
- Tina BARRON, Plaintiff-Appellant, v. FORD MOTOR COMPANY OF CANADA LIMITED, Defendant-AppelleeCourt of Appeals for the Seventh Circuit · 1992
- Robyn Douglass, Plaintiff-Appellee-Cross-Appellant v. Hustler Magazine, Inc., Defendant-Appellant-Cross-Appellee, and Augustin GregoryCourt of Appeals for the Seventh Circuit · 1985
- Afram Export Corporation, a Wisconsin Corporation v. Metallurgiki Halyps, S.A., a Foreign CorporationCourt of Appeals for the Seventh Circuit · 1985
- Leister v. Dovetail, Inc.Court of Appeals for the Seventh Circuit · 2008
63 more not listed; retrieve them via the Exa API.