SANDALO v. INTERSHOE INC.


92 A.D.2d 529 (1983)

Calcados Sandalo, S. A., Respondent, v. Intershoe Incorporated, Appellant, and Canadian Imperial Bank of Commerce, Respondent-Appellant

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

February 24, 1983


In the event that the undertaking is not so posted, then the order appealed from is affirmed, without costs. Special Term properly found that "all the documents including bills of lading and invoices, when considered together, show no inconsistency with the letter of credit." Plaintiff, being in strict compliance with the requirements of that letter of credit, was entitled to payment from defendant Canadian Imperial Bank of Commerce. However, defendant Intershoe Incorporated...

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