Freedman v. Lloyd

The issue before the court affects the first cause of action, which sounds in fraud. The second cause of action was withdrawn at the end of plaintiff’s case. The case was tried without a jury and findings of fact and. conclusions of law were waived.

Plaintiff contends that defendant had knowledge of substantial damage to a cargo of pickled sheepskins, and, that by failing to declare such exceptions on the bill of lading, caused its letter of credit to be honored, to its damage.

The letter of credit called for payment to the seller at Hamburg, among other conditions, on presentation of ‘ ‘ Full…