Bunge Corp. v. Manufacturers Hanover Trust Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtNunez, J.
Plaintiff Bunge Corporation (Bunge) is a major exporter of agricultural commodities, including soybean and other vegetable oils. Defendant Manufacturers Hanover Trust Company (Manufacturers) is a commerical bank in New York City. Allied Crude Vegetable Oil Refining Corporation (Allied) was a large scale refiner of and trader in vegetable oils.
Manufacturers permitted Allied to make extensive use of an account Manufacturers maintained for its correspondent, First National Bank of North Bergen, New Jersey (Bergen). Allied *411maintained an account with Bergen, which in turn had an agreement with…
2Cases cited11 opinions
- McNeil v. . the Tenth National BankNew York Court of Appeals · 1871
- National Safe Deposit, Sav. & Trust Co. of DC v. HibbsSupreme Court of the United States · 1913
- Employers' Fire Insurance v. CottenNew York Court of Appeals · 1927
- Crown Willamette Paper Co. v. McLaughlinCourt of Appeals for the Ninth Circuit · 1936
- Gardner v. Beacon Trust Co.Massachusetts Supreme Judicial Court · 1906
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3Cited by15 opinions
- Alonzo Singleton v. The Honorable Louis J. Lefkowitz, New York State Attorney GeneralCourt of Appeals for the Second Circuit · 1978
- Shaw v. Rolex Watch, U.S.A., Inc.District Court, S.D. New York · 1987
- Harper & Row, Publishers, Inc. v. Nation EnterprisesDistrict Court, S.D. New York · 1980
- Kaufman v. Chase Manhattan Bank, National Ass'nDistrict Court, S.D. New York · 1973
- Trade Development Bank v. The Continental Insurance CompanyCourt of Appeals for the Second Circuit · 1972
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