Plaintiff imports fabrics from India, primarily in the form of pillowcases and bedspreads. Defendant is a fabric wholesaler. In August, 1979, the defendant placed six orders for pillowcases with the plaintiff. After plaintiff notified defendant of the arrival of the pillowcases at the Port of New York, defendant failed to open a letter of credit at its bank, as required by the agreement, and refused to accept the orders. Three of the orders arrived after the stated delivery...
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