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TAUB v. COLONIAL COATED TEXTILE CORP.

54 A.D.2d 660 (1976)

David Taub, Respondent, v. Colonial Coated Textile Corp. et al., Defendants, and Mercantile Bank of Israel Limited, et al., Appellants

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

October 26, 1976

Affirmed, without costs, and without disbursements.

Plaintiff, an Israeli coat manufacturer, ordered textiles from the defendants other than appellants. In connection with this transaction, appellants, Mercantile Bank of Israel Limited (Mercantile) and Israel Discount Bank Limited (IDB), handled a letter of credit opened on plaintiff's behalf. Mercantile issued the letter in Israel at the request of A. Irani Ltd. (Irani) an Israeli corporation, in favor of Colonial...

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