1. Home
  2. Browse Decisions
  3. A.D.2d
  4. 181 A.D.2d
  5. 181 A.D.2d 542 (1992)
 

ABE SCHRADER CORP. v. LEGEND APPAREL MFG. CO., LTD.

181 A.D.2d 542 (1992)

Abe Schrader Corporation, Plaintiff, v. Legend Apparel Manufacturing Co., Ltd., et al., Defendants. State Bank of India, New York Branch, Appellant, v. Legend Apparel Manufacturing Co., Ltd., et al., Defendants, and National Westminster Bank, Respondent. (And a Third-Party Action.)

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

March 19, 1992

The court correctly determined that National Westminster Bank was not liable to State Bank of India (SBI) for advances SBI made to Legend pursuant to a "red clause" in a letter of credit since SBI failed to offer evidentiary proof that it had sought reimbursement in accordance with the terms of the letter of credit. Furthermore, since there was no basis to conclude that SBI had made a presentation of documents for payment, National...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases