Legal Opinion
Banco Lavra, S.A. v. Cargil International
District Court of Appeal of Florida
Decided October 21, 1998No. 97-3240PublishedCited by 2 opinions
1Opinion of the CourtJorgenson, J.
Banco Lavra, a Brazilian bank, appeals from an order dismissing its multi-count complaint against the beneficiary of a letter of credit. The essence of the complaint is an action against the beneficiary for breach of warranty, pursuant to section 675.111(1), Florida Statutes (1997). We affirm.
Banco Lavra provided an irrevocable documentary standby letter of credit in the amount of $160,000.00 to its customer, RPS (the buyer), in the course of an international sales transaction between RPS and beneficiary Cargil International (the seller), a Florida corporation. In that transaction, the seller…
2Cases cited10 opinions
- Pubali Bank v. City National Bank, the Aristos Group, Jack A. Willis, Robert McGuire Margo SvikhartCourt of Appeals for the Ninth Circuit · 1982
- 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
- Mellon Bank, NA v. General Elec. Credit Corp.District Court, W.D. Pennsylvania · 1989
- Sea Management Service v. Club SeaDistrict Court of Appeal of Florida · 1987
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3Cited by2 opinions
- Daiwa Products, Inc. v. NATIONSBANK, NADistrict Court of Appeal of Florida · 2004
- Lennar Homes, LLC v. v. VENTURES, LLCDistrict Court of Appeal of Florida · 2008