Legal Opinion
Republic National Bank of Miami, a National Banking Association v. Fidelity and Deposit Company of Maryland, a Maryland Corporation
Court of Appeals for the Eleventh Circuit
Decided February 20, 1990No. 87-6034, 88-5185PublishedCited by 20 opinions
1Opinion of the Court
*1257TJOFLAT, Chief Judge:
In this case, Republic National Bank of Miami (Republic) issued a letter of credit on behalf of the Colombian Coffee Corporation (Colombian) in favor of Luis A. Duque Pena e Hijos, Ltda. (Limitada) 1 to facilitate the supposed purchase and sale of coffee. The transaction having gone awry, Repub-lie sought to recover its loss by filing a timely claim against the coverage afforded by a banker's blanket bond issued by the Fidelity and Deposit Company of Maryland (Fidelity).2 Fidelity denied Republic's claim, concluding that the bond did not cover the risk taken by Republic…
2Cases cited7 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Federal Deposit Insurance v. Philadelphia Gear Corp.Supreme Court of the United States · 1986
- United States v. Jose Luis Castro, Alberto Duque, Gaston Pereira, Jaime Bayon, DefendantsCourt of Appeals for the Eleventh Circuit · 1988
- Calcasieu-Marine National Bank of Lake Charles v. American Employers' Insurance Co., Louisiana Bank & Trust Co., Cross v. The Employers Liability Assurance Corp., CrossCourt of Appeals for the Fifth Circuit · 1976
- United States v. Jose Luis Castro, Alberto Duque, Gaston Pereira, Jaime BayonCourt of Appeals for the Eleventh Circuit · 1987
2 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- In Re Chase & Sanborn Corporation, Debtor. Paul C. Nordberg, Creditor Trustee v. Arab Banking CorporationCourt of Appeals for the Eleventh Circuit · 1990
- First National Bank of Manitowoc, Plaintiff-Appellee/cross-Appellant v. Cincinnati Insurance Company, Defendant-Appellant/cross-AppelleeCourt of Appeals for the First Circuit · 2007
- Resolution Trust Corp. v. United Trust Fund, Inc.Court of Appeals for the Eleventh Circuit · 1995
- Resolution Trust Corporation, as Conservator for Greatamerican Federal Savings and Loan Association v. Aetna Casualty & Surety Company of IllinoisCourt of Appeals for the Seventh Circuit · 1994
- Beach Community Bank v. St. Paul Mercury InsuranceCourt of Appeals for the Eleventh Circuit · 2011
15 more not listed; retrieve them via the Exa API.