Legal Opinion
Delta Brands, Inc. v. MBank Dallas, N.A.
Texas Court of Appeals, 5th District (Dallas)
Decided September 2, 1986No. 05-85-00807-CVPublishedCited by 10 opinions
1Opinion of the Court
SCALES, Justice.
Delta appeals from a summary judgment granting MBank recovery of money it paid Delta under a documentary letter of credit. We affirm.
Eurobox SPA contracted to purchase a steel coil processing line from Delta, which was to be installed in Eurobox’s plant. To finance the purchase, Banca Popolare Di Vicenza, an Italian bank, issued a $698,737 documentary letter of credit 1 in favor of Delta. MBank agreed to act as a confirming bank, 2 paying Delta various sums as the installation of the machinery progressed. The present dispute centers on a payment of $57,600 which “matured” on…
2Cases cited10 opinions
- Republic National Bank of Dallas v. Northwest National Bank of Fort WorthTexas Supreme Court · 1979
- Westwind Exploration, Inc. v. Homestate Savings Ass'nTexas Supreme Court · 1985
- Temple-Eastex Inc. v. Addison BankTexas Supreme Court · 1984
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- Werner v. A. L. Grootemaat & Sons, Inc.Wisconsin Supreme Court · 1977
5 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Alaska Textile Co., Inc. v. Chase Manhattan Bank, N.A.Court of Appeals for the Second Circuit · 1992
- Lacy v. Ticor Title Insurance Co. Co., Texas Court of Appeals, 5th District (Dallas)1990
- Amwest Surety Insurance Company v. Republic National BankCourt of Appeals for the Fourth Circuit · 1992
- Sun Marine Terminals, Inc. v. Artoc Bank & Trust, Ltd.Texas Supreme Court · 1990
- New Braunfels National Bank v. OdiorneCourt of Appeals of Texas · 1989
5 more not listed; retrieve them via the Exa API.