Albert J. Wood v. R.R. Donnelley & Sons Company and Donnelley Receivables

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• remarking that “Pennsylvania considers this independence necessary to preserve the basic policy of letter of credit law, namely to ensure prompt payment to sellers”
• “the basic policy of letter of credit law” is “to ensure prompt payment to sellers”
• “The essential function of this device is to assure a party to an agreement that he will receive the benefits of his performance.”
• “The utility of the letter would be destroyed were it made to rely on the customer’s credit, rather than the issuer’s.”

Source: CourtListener parenthetical corpus (CC0).