Third Circuit· 2/16/1977
Chase Manhattan Bank v. Equibank
Citations
- 550 F.2d 882
- 21 U.C.C. Rep. Serv. (West) 247
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- “Both parties are held to a standard of strict compliance — in the absence of conformity, the beneficiary cannot force payment and the bank pays, at its peril.”
- “The issuing bank deals only in documents and need only determine whether they appear on their face to be in accordance with the terms and conditions of the credits.”
- issuer who waives condition of payment jeopardizes right to reimbursement from its customer
Source: CourtListener parenthetical corpus (CC0).
Judges: Weis
Read full opinion on CourtListenerOther cases named Chase Manhattan Bank v. Equibank
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