Legal Opinion
Fair Pavilions, Inc. v. First National City Bank
Appellate Division of the Supreme Court of the State of New York
Decided November 9, 1965PublishedCited by 7 opinions
1Opinion of the CourtStevens, J.
The defendant First National City Bank (Bank) appeals from an order entered February 4, 1965, insofar as said order denied its cross motion for summary judgment.
On October 15, 1963, at the request of one of its customers, Willard International Financial Co., Ltd. (Willard) Bank issued a clean irrevocable letter of credit in favor of respondent Fair Pavilions, Inc. (Pavilions) making available the total sum of $2,030,000, to expire at Bank’s close of business on September 15, 1964. The money was available to Pavilions in accordance with a schedule of availabilities, and subject to certain…
2Cases cited3 opinions
- Laudisi v. American Exchange National BankNew York Court of Appeals · 1924
- Lamborn v. National Park BankNew York Court of Appeals · 1925
- Bank of Italy v. Merchants National BankAppellate Division of the Supreme Court of the State of New York · 1921
3Cited by7 opinions
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- West Virginia Housing Development Fund v. SrokaDistrict Court, W.D. Pennsylvania · 1976
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Interco, Incorporated v. The First National Bank of BostonCourt of Appeals for the First Circuit · 1977
- Wichita Eagle & Beacon Publishing Co. v. Pacific National BankDistrict Court, N.D. California · 1971
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