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BEYENE v. IRVING TRUST CO.

No. 83 Civ. 4067(MEL).

596 F.Supp. 438 (1984)

Dessaleng BEYENE and Jean M. Hanson, Plaintiffs, v. IRVING TRUST COMPANY, Defendant.

United States District Court, S.D. New York.

October 31, 1984.

Attorney(s) appearing for the Case

William L. Borden, Washington, D.C., and Maurice M. Krolik, New York City, for plaintiffs.

Winthrop, Stimson, Putnam & Roberts, New York City, for defendant; Stephen A. Weiner, Aileen Meyer, New York City, of counsel.

LASKER, District Judge.

The issue presented is whether Irving Trust Company ("Irving") acted properly in refusing to honor a letter of credit issued on behalf of plaintiff Dessaleng Beyene. Irving moves for summary judgment to dismiss the complaint against it on the grounds that it complied with the obligations which apply under the Uniform Customs and Practice for Documentary Credits ("UCP") of the International Chamber...

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