Legal Opinion
Raiffeisen-Zentralkasse Tirol Reg. Gen. M.B.H. v. First National Bank in Aspen
Colorado Court of Appeals
Decided April 29, 1983No. 81CA0637PublishedCited by 7 opinions
1Opinion of the Court
KELLY, Judge.
The questions presented in this case involve the obligation of an issuing bank to honor a draft drawn under a letter of credit. Defendant, First National Bank in Aspen (First National), appeals from a trial court decision holding it liable on a letter of credit issued in favor of plaintiff, Raiffeisen-Zentralkasse Tirol (Austrian Bank). We reverse.
On April 5,1976, First National issued an irrevocable letter of credit in favor of Zav-ratsky and Co., K.G. of Kitzbuhel, Austria, in order to facilitate the purchase of ski wear by the bank’s customer, Mr. Lindner, an Aspen retailer.…
2Cases cited9 opinions
- Marino Industries Corp., Cross-Appellee v. The Chase Manhattan Bank, N.A., Cross-AppellantCourt of Appeals for the Second Circuit · 1982
- 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
- Bank of North Carolina, N.A. v. The Rock Island Bank, an Illinois CorporationCourt of Appeals for the Seventh Circuit · 1978
- Colorado National Bank of Denver v. Board of County CommissionersSupreme Court of Colorado · 1981
- Bank of Newport, a California Banking Corporation v. The First National Bank and Trust Company of Bismarck, a North Dakota CorporationCourt of Appeals for the First Circuit · 1982
4 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Revlon Realistic, Inc. v. Las Americas Trust Co.Supreme Court of Puerto Rico · 1994
- First Nat. Bank v. CarmoucheSupreme Court of Louisiana · 1987
- American Coleman Co. v. Intrawest Bank of Southglenn, N.A.Court of Appeals for the Tenth Circuit · 1989
- Mercantile-Safe Deposit & Trust Co. v. Baltimore CountyCourt of Appeals of Maryland · 1987
- Universal Savings Ass'n v. Killeen Savings & Loan Ass'n, Texas Court of Appeals, 1st District (Houston)1988
2 more not listed; retrieve them via the Exa API.