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RICHARD v. ROYAL BANK OF CANADA

No. 121.

23 F.2d 430 (1928)

RICHARD et al. v. ROYAL BANK OF CANADA.

Circuit Court of Appeals, Second Circuit.

January 9, 1928.

Attorney(s) appearing for the Case

Weschler & Kohn, of New York City (J. Charles Weschler and Walter T. Kohn, both of New York City, of counsel), for plaintiffs in error.

Zabriskie, Sage, Gray & Todd, of New York City (Matthew J. Shevlin and Leonard P. Moore, both of New York City, of counsel), for defendant in error.

Before L. HAND, SWAN, and AUGUSTUS N. HAND, Circuit Judges.

AUGUSTUS N. HAND, Circuit Judge (after stating the facts as above).

The defendants question the decision below because: (1) Drafts were not presented to plaintiff; (2) there were no weight certificates; (3) the bills of lading were not indorsed "freight collect," but "subject to demurrage as per statement attached to original bills of lading only."

We find no merit in any of these points. The letters of credit did not require the drawing of drafts. They assumed...

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