¶ Contrary to Special Term's finding we are unable to discern any issue with respect to the first cause of action in which plaintiff, the issuer of an irrevocable letter of credit in the sum of $100,000, seeks to recover that sum from Vend, on whose behalf it issued the credit, under an agreement requiring Vend to reimburse plaintiff on demand any amounts paid on drafts drawn under the letter of credit. Special Term found an issue of fact as to when the sight draft and...
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