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NORTH AMERICAN MFRS. EXPORT ASSO. v. CHASE NAT. BANK

77 F.Supp. 55 (1948)

NORTH AMERICAN MFRS. EXPORT ASSOCIATES, Inc. v. CHASE NAT. BANK OF CITY OF NEW YORK.

District Court, S. D. New York.

March 16, 1948.

Attorney(s) appearing for the Case

Breed, Abbott & Morgan, of New York City (Thornton C. Land and Stoddard B. Colby, both of New York City, of counsel), for plaintiff.

Milbank, Tweed, Hope & Hadley, of New York City (A. Donald MacKinnon and Samuel Anatole Lourie, both of New York City, of counsel), for defendant.

MEDINA, District Judge.

Despite the fact that the papers submitted by both sides on this motion by defendant for summary judgment are voluminous and apparently complicated, the decisive question is a narrow one. Plaintiff is entitled to draw upon the letter of credit as amended only by strict compliance with the specific terms appearing on its face, Old Colony Trust Co. v. Lawyers' Title & Trust Co., 2 Cir., 1924, 297 F. 152, certiorari denied, 1924, 265 U.S....

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