DBJJJ, INC. v. NATIONAL CITY BANK

No. B169885.

19 Cal.Rptr.3d 904 (2004)

123 Cal.App.4th 530

DBJJJ, INC., Plaintiff and Appellant, v. NATIONAL CITY BANK, Defendant and Respondent.

Court of Appeals of California, Second District, Division Eight.

Rehearing Denied November 29, 2004.


Attorney(s) appearing for the Case

Jamie R. Schloss, Los Angeles, and David L. Amkraut for Plaintiff and Appellant.

Mitchell Silberberg & Knupp, Richard B. Sheldon, Los Angeles; Moses & Singer, Michael Evan Avidon and Philippe Zimmerman, New York, NY, for Defendant and Respondent.


COOPER, P.J.

A documentary letter of credit is a method of payment whereby the promise of a stable financial source, usually a bank, is substituted for the promise of a credit applicant, usually a purchaser of goods. (Paramount Export Co. v. Asia Trust Bank, Ltd. (1987) 193 Cal.App.3d 1474, 238 Cal.Rptr. 920.) At least three...

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