Plaintiffs, in these two companion actions, consolidated by decision on motion decided simultaneously herewith, move for accelerated judgment pursuant to CPLR 3213 on five letters of credit. Initially it must be noted that in the opinion of this court, CPLR 3213 is applicable to suits on letters of credit. Three of the letters of credit were apparently given to guarantee to plaintiff Banco Tornquist payment of certain debts of various...
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