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DOUGLASTON ELEC. v. ROYAL BANK

69 A.D.2d 565 (1979)

Douglaston Electric Sales, Inc., Appellant, v. Royal Bank of Canada, Respondent

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

July 30, 1979

Attorney(s) appearing for the Case

Hirshfeld, Birbrower, Montalbano, Condon & Seidenberg, P. C. (Harold A. Seidenberg of counsel), for appellant.

Sage Gray Todd & Sims (Steven J. Glusband of counsel; Robert W. Brundige, Jr., on the brief), for respondent.

HOPKINS, J. P., TITONE and MANGANO, JJ., concur.

MARGETT, J.

In the summer of 1977, three shipments of electrical equipment arrived at the pier in Santo Domingo. Although the goods were fully paid for by the vendee in Dominican pesos, the Santo Domingo branch of the collecting bank was never able to obtain foreign exchange in United States dollars for the full amount of the proceeds. The issue at bar is whether summary judgment was properly granted to the collecting...

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