Legal Opinion
Board of Trade of San Francisco, and Electronic Arrays, Inc., Plaintiff-In-Intervention/appellant v. Swiss Credit Bank
Court of Appeals for the Ninth Circuit
Decided March 20, 1984No. 83-1852PublishedCited by 10 opinions
1Opinion of the Court
BOOCHEVER, Circuit Judge.
This action arose out of the dishonor of a letter of credit issued by Swiss Credit Bank (SCB) in favor of Antex Industries (Antex) to cover the sale of 92,000 electronic integrated circuits, or “chips,” manufactured by Electronic Arrays (Arrays) for use in electronic computers.
The magistrate 1 found that the dishonor was justified because Antex failed to comply with the manner of shipment specified in the letter of credit. We affirm.
BACKGROUND
The buyers of the chips, North American Trading Corporation (North American), arranged. for SCB to open the letter of credit in…
2Cases cited6 opinions
- Goodley v. Wank & Wank, Inc.California Court of Appeal · 1976
- Marino Industries Corp., Cross-Appellee v. The Chase Manhattan Bank, N.A., Cross-AppellantCourt of Appeals for the Second Circuit · 1982
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- Salaman v. BoltCalifornia Court of Appeal · 1977
- Paul S. Adamian v. Dr. Louis E. LombardiCourt of Appeals for the Ninth Circuit · 1979
1 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- First Federal Savings & Loan Ass'n v. Oppenheim, Appel, Dixon & Co.District Court, S.D. New York · 1986
- Leaseamerica Corporation v. Norwest Bank Duluth, N.A.Court of Appeals for the Eighth Circuit · 1991
- Armac Industries, Ltd. v. CitytrustSupreme Court of Connecticut · 1987
- Seattle-First National Bank v. Federal Deposit InsuranceDistrict Court, W.D. Oklahoma · 1985
- Mercantile-Safe Deposit & Trust Co. v. Baltimore CountyCourt of Appeals of Maryland · 1987
5 more not listed; retrieve them via the Exa API.