Legal Opinion
Alaska Textile Co., Inc. v. Chase Manhattan Bank, N.A.
Court of Appeals for the Second Circuit
Decided December 28, 1992No. 263, Docket 92-7468PublishedCited by 50 opinions
1Opinion of the Court
McLAUGHLIN, Circuit Judge:
This is a case of first impression requiring us to determine how a letter of credit issuer’s duties under the Uniform Customs and Practices for Documentary Credits, Int'I Chamber of Commerce Pub. No. 400 (1983 Revision) (the “UCP” or “Uniform Customs”), are affected by a beneficiary’s presentation of documents “on an approval basis.”
Alaska Textilé Co. sued Chase Manhattan Bank in the United States District Court for the Southern District of New York (Metzner, J.) for wrongful dishonor of two letters of credit that Chase had issued in favor of Alaska. Alaska conceded…
2Cases cited40 opinions
- Zev v. MermanNew York Court of Appeals · 1988
- Kmw International v. Chase Manhattan Bank, N. A.Court of Appeals for the Second Circuit · 1979
- Corporacion De Mercadeo Agricola v. Mellon Bank InternationalCourt of Appeals for the Second Circuit · 1979
- Marino Industries Corp., Cross-Appellee v. The Chase Manhattan Bank, N.A., Cross-AppellantCourt of Appeals for the Second Circuit · 1982
- Philadelphia Gear Corporation v. Central BankCourt of Appeals for the Fifth Circuit · 1983
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3Cited by50 opinions
- 3com Corporation v. Banco Do Brasil, S.A.Court of Appeals for the Second Circuit · 1999
- Sempione v. Provident Bank of MarylandCourt of Appeals for the Fourth Circuit · 1996
- Bouzo v. Citibank, N.A.Court of Appeals for the Second Circuit · 1996
- Great Wall de Venezuela C.A. v. Interaudi BankDistrict Court, S.D. New York · 2015
- Oei v. Citibank, N.A.District Court, S.D. New York · 1997
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