MEMORANDUM
TAURO, Chief Judge.
The present breach of contract and unfair or deceptive trade practice action arises out of the defendant banks' dishonor of a letter of credit issued in favor of plaintiff Boston Hides & Furs, Ltd. ("Boston Hides"). Presently before the court are the plaintiff's motion for partial summary judgment and the banks' cross-motion for summary judgment.
I.
Background
In late May, 1992...
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