Legal Opinion
Consolidated Aluminum Corp. v. Bank of Virginia
District Court, D. Maryland
Decided June 29, 1982No. Civ. K-80-1771PublishedCited by 17 opinions
1Opinion of the Court
FRANK A. KAUFMAN, Chief Judge.
[1] This case 1 presents the issue of whether or not presentment of a draft after the expiration date of a letter of credit may be excused because of delay in the mails. 2 Plaintiff Consolidated Aluminum Corp. (Consolidated), relying on § 3-511(1) 3 of the Uniform Commercial Code (UCC), maintains that such delay does excuse untimely presentment. 4 Defendant Bank of Virginia (Bank), relying on the general commercial law applicable to letters of credit and on the Uniform Customs and Practices for Documentary Credits (1974 Revision), International Chamber of…
2Cases cited23 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Kmw International v. Chase Manhattan Bank, N. A.Court of Appeals for the Second Circuit · 1979
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- Chase Manhattan Bank v. EquibankCourt of Appeals for the Third Circuit · 1977
- Pringle-Associated Mortgage Corporation, a Louisiana Corporation v. Southern National Bank of Hattiesburg, Mississippi, a National Banking CorporationCourt of Appeals for the Fifth Circuit · 1978
18 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- In Re Valley Vue Joint VentureUnited States Bankruptcy Court, E.D. Virginia · 1991
- Consolidated Aluminum Corporation v. Bank of Virginia and Graf-Comm., Inc.Court of Appeals for the Fourth Circuit · 1983
- Musika v. Arbutus Shopping Center Ltd. Partnership ASCLP C/O AMCAP, Inc. (In Re Farm Fresh Supermarkets of Maryland, Inc.)United States Bankruptcy Court, D. Maryland · 2001
- Exxon Company, U.S.A., a Division of Exxon Corporation, Cross-Appellant v. Banque De Paris Et Des Pays-Bas, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1987
- American National Bank & Trust Co. v. Hamilton Industries International, Inc.District Court, N.D. Illinois · 1984
12 more not listed; retrieve them via the Exa API.