Home/New York Court of Appeals/Key Appliance, Inc. v. First National City Bank

Key Appliance, Inc. v. First National City Bank

339 N.E.2d 888, 37 N.Y.2d 826, 377 N.Y.S.2d 482, 1975 N.Y. LEXIS 2212
CourtNew York Court of Appeals
DecidedOctober 16, 1975
StatusPublished
Cited by5 cases

This text of 339 N.E.2d 888 (Key Appliance, Inc. v. First National City Bank) is published on Counsel Stack Legal Research, covering New York Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Key Appliance, Inc. v. First National City Bank, 339 N.E.2d 888, 37 N.Y.2d 826, 377 N.Y.S.2d 482, 1975 N.Y. LEXIS 2212 (N.Y. 1975).

Opinion

Memorandum. The order of the Appellate Division should be affirmed for the reasons stated in the memorandum decision of that court. There must be strict compliance with the documentary - requirements of a letter of credit since the issuing bank at once owes independent obligations to its [828]*828customer and to the beneficiary of the letter of credit, and the interests of these two in any given situation may be divergent, if not conflicting.

Chief Judge Breitel and Judges Jasen, Gabrielli, Jones, Wachtler, Fuchsberg and Cooke concur.

Order affirmed, with costs, in a memorandum.

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464 F. Supp. 88 (S.D. New York, 1978)

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Bluebook (online)
339 N.E.2d 888, 37 N.Y.2d 826, 377 N.Y.S.2d 482, 1975 N.Y. LEXIS 2212, Counsel Stack Legal Research, https://law.counselstack.com/opinion/key-appliance-inc-v-first-national-city-bank-ny-1975.