Legal Opinion
Flagship Cruises, Ltd. v. New England Merchants National Bank of Boston, and Chemical Bank
Court of Appeals for the First Circuit
Decided January 20, 1978No. 77-1429PublishedCited by 54 opinions
1Opinion of the Court
COFFIN, Chief Judge.
This is an appeal from an adverse summary judgment by the issuer of a letter of credit which refused to make payment to the beneficiary. The case was considered by the district court on the basis of affidavits, depositions, and responses to interrogatories. Summary judgment having been granted for the plaintiff, we report the evidence in the stance most favorable to the losing party.
In July, 1972, at the request of Citizens Trust Company of Providence, Rhode Island (Citizens), defendant-appellant, New England Merchants National Bank of Boston (Merchants), issued an…
2Cases cited5 opinions
- Moss v. Old Colony Trust Co.Massachusetts Supreme Judicial Court · 1923
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- The Wing on Bank Limited of Hong Kong v. American National Bank and Trust Company of Fort LauderdaleCourt of Appeals for the Fifth Circuit · 1972
- Barclays Bank D.C.O. v. Mercantile National BankDistrict Court, N.D. Georgia · 1972
3Cited by54 opinions
- Galvin v. U.S. Bank, N.A.Court of Appeals for the First Circuit · 2017
- 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
- Bank of Cochin Ltd. v. Manufacturers Hanover Trust Co.District Court, S.D. New York · 1985
- Siderius, Inc. v. Wallace Co., Inc.Court of Appeals of Texas · 1979
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