CHAIRMASTERS, INC. v. PUB. NAT'L BANK & TRUST CO.


283 A.D. 704 (1954)

Chairmasters, Inc., Respondent-Appellant, v. Public National Bank and Trust Company of New York, Appellant-Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

February 16, 1954.


Per Curiam.

The controversy here relates to defendant's duty under a contract by which defendant issued a letter of credit in plaintiff's favor and agreed to honor drafts against the letter upon receipt of bills of lading and certificates of inspection by a designated inspection agency. The contract specifically provided that defendant would not be responsible for the existence, character, quantity, quality or condition of the property purporting to be represented...

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