Legal Opinion
Fiat Motors of North America, Inc. v. Mellon Bank, N.A., in No. 86-3588. Fiat Motors of North America, Inc. In No. 86-3606 v. Mellon Bank, N.A
Court of Appeals for the Third Circuit
Decided September 2, 1987No. 86-3588, 86-3606PublishedCited by 12 opinions
1Opinion of the Court
OPINION OF THE COURT
MANSMANN, Circuit Judge.
In this diversity case we are called upon to determine the legal obligations of the defendant Mellon Bank to plaintiff Fiat Motors under a Wholesale Finance Commitment. We also consider a cross-appeal by Fiat regarding the proper amount of prejudgment interest to be awarded. We find that the Commitment constituted a letter of credit and for the reasons given below, we will affirm the judgment of the district court, 649 F.Supp. 245.
I
The plaintiff, Fiat Motors of North America, Inc., a New York and New Jersey Corporation (“Fiat”), previously known as…
2Cases cited12 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Daset Mining Corp. v. Industrial Fuels Corp.Supreme Court of Pennsylvania · 1984
- Toyota Industrial Trucks U. S. A., Inc. v. Citizens National Bank of Evans City v. Promat CorporationCourt of Appeals for the Third Circuit · 1979
- Charles R. Peterson, in No. 80-2662 v. Crown Financial Corporation, a Corporation, in No. 80-2663Court of Appeals for the Third Circuit · 1981
- Ram Construction Company, Inc., Debtor v. American States Insurance Company. American States Insurance Company v. Ram Construction Company, Inc. And Equibank. Appeal of American States Insurance CompanyCourt of Appeals for the Third Circuit · 1984
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3Cited by12 opinions
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- Prusky Ex Rel. Windsor Securities, Inc. v. Reliastar Life InsuranceCourt of Appeals for the Third Circuit · 2008
- C. Benjamin Foy v. First National Bank of ElkhartCourt of Appeals for the First Circuit · 1989
- Ingraham v. Trowbridge BuildersNew Jersey Superior Court Appellate Division · 1997
- Coca-Cola Bottling Co. of Elizabethtown, Inc. v. Coca-Cola Co.District Court, D. Delaware · 1991
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