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BANCO ESPANOL de CREDITO v. STATE STREET BANK & TRUST CO.

No. 7249.

409 F.2d 711 (1969)

BANCO ESPANOL de CREDITO, Plaintiff, Appellee, v. STATE STREET BANK AND TRUST COMPANY, Defendant, Appellant.

United States Court of Appeals First Circuit.

Decided April 16, 1969.

Attorney(s) appearing for the Case

Mark A. Michelson, Boston, with whom Choate, Hall & Stewart, Boston, was on brief, for appellant.

Harold M. Willcox, Boston, with whom Charles C. Cabot, Robert E. Sullivan and Herrick, Smith, Donald, Farley & Ketchum, Boston, were on brief, for appellee.

Before ALDRICH, Chief Judge, McENTEE and COFFIN, Circuit Judges.

COFFIN, Circuit Judge.

This is the second round in the efforts of Banco Espanol to collect on two letters of credit issued by State Street Bank and Trust Company. In the first,1 we reversed the district court which had held that the required inspection certificates did not conform to the terms of the letters of credit. We remanded so that State Street's other defenses, not previously passed upon, could be considered. The district court...

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