GREENOUGH
v.
MUNROE et al.
OLIVIER STRAW GOODS CORPORATION
v.
IRVING TRUST CO. et al. (CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Intervener).
Circuit Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
August 25, 1931.
August 25, 1931.
Attorney(s) appearing for the Case
Zalkin & Cohen, of New York City (Nathan Coplan, Max J. Wolff, and Israel Akselrod, all of New York City, of counsel), for appellant.
Hunt, Hill & Betts, of New York City (John W. Crandall and Morris Douw Ferris, both of New York City, of counsel), for appellee Olivier Straw Goods Corporation.
Selden Bacon, of New York City, for appellee Chartered Bank of India, Australia, & China.
Wise, Shepard & Houghton and Rounds, Dillingham, Mead & Neagle, all of New York City (Eugene Congleton and G. Baker Schroeder, both of New York City, of counsel), for H. Galland & Cie. and F. Schumacher & Co., amici curiæ.
Merrill, Rogers, Gifford & Woody, of New York City (Wilson B. Brice, Forrest M. Anderson, and Herbert P. Carter, all of New York City, of counsel), for Societe Generale, amicus curiæ.
Before MANTON, SWAN, and CHASE, Circuit Judges.
Circuit Court of Appeals, Second Circuit.
SWAN, Circuit Judge.
The defendants were a firm of private bankers doing business in the city of New York under the name of John Munroe & Co. At the request of Olivier Straw Goods Corporation (hereafter referred to as Olivier), John Munroe & Co. issued five irrevocable letters of credit in favor of five merchants in the Orient, from whom Olivier wished to purchase goods. In consideration thereof, Olivier agreed with...
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