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CAPEHART CORP. v. SHANGHAI COMMERCIAL BANK, LTD.

49 A.D.2d 521 (1975)

Capehart Corporation, Respondent, v. Shanghai Commercial Bank, Ltd., Appellant, et al., Defendant

Appellate Division of the Supreme Court of the State of New York, First Department.

July 3, 1975

Appellant shall recover of respondent $60 costs and disbursements of this appeal.

Plaintiff purchased certain goods from defendant Hachiyo Electric Sound Co. (Hong Kong), Ltd. ("Hachiyo") which were to be shipped from Hong Kong to the United States. Under the business arrangement made by the parties, plaintiff caused its bank, Bank of Boston International ("Bank of Boston"), to issue an irrevocable letter of credit to appellant...

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