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PROQUIP LIMITED v. NORTHMARK BANK

No. 22-P-701.

103 Mass. App. Ct. 133 (2023)

PROQUIP LIMITED v. NORTHMARK BANK.

Appeals Court of Massachusetts.

August 18, 2023.

Attorney(s) appearing for the Case

Thomas N. O'Connor for the defendant.

Edward J. Denn for the plaintiff.

Present: Massing, Hershfang, & D'Angelo, JJ.

This case asks us to interpret a portion of the Uniform Commercial Code — Letters of Credit, G. L. c. 106, §§ 5-101 et seq. "A standby letter of credit acts to assure a seller that it will be promptly paid in the case of default by the buyer, and is payable upon certification of the buyer's nonperformance of the underlying...

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