Legal Opinion
Courtaulds North America, Inc. v. North Carolina National Bank
District Court, M.D. North Carolina
Decided January 7, 1975No. C-339-G-73PublishedCited by 4 opinions
1Opinion of the Court
FINDINGS OF FACT AND CONCLUSIONS OF LAW
HIRAM H. WARD, District Judge.
This action came on for hearing before the Court on August 23, 1974, on cross motions by the parties for summary judgment. The plaintiff, Courtaulds North America, Inc., (Courtaulds), is seeking damages in the amount of $67,346.77, plus interest, from the defendant, Noi’th Carolina National Bank (NCNB) for the defendant’s failure to honor an irrevocable letter of credit issued by the defendant in favor of the plaintiff. Jurisdiction is based upon diversity of citizenship, 28 U.S.C. § 1332.
The parties have stipulated all the…
2Cases cited17 opinions
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Dynamics Corp. of America v. Citizens & Southern National BankDistrict Court, N.D. Georgia · 1973
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Laudisi v. American Exchange National BankNew York Court of Appeals · 1924
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3Cited by4 opinions
- O'Grady v. First Union National BankSupreme Court of North Carolina · 1978
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- AMF Head Sports Wear, Inc. v. Ray Scott's All-American Sports Club, Inc.District Court, D. Arizona · 1978
- Chase Manhattan Bank v. EquibankDistrict Court, W.D. Pennsylvania · 1975