The letter of credit of the Irving Trust Company states that it is "Identical with credit cabled to you through Chemical Bank & Trust Company, New York." The letter of credit of the Chase National Bank states, "Details of this credit advised by cable thru the Chemical Bank & Trust Company, New York, N. Y." It is not clear that the terms of the contract requiring the establishment of a letter of credit through the Chemical Bank & Trust Company were not complied...
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