Gunn-Olson-Stordahl Joint Venture v. Early Bank

How courts have described this case

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

• treating a document as a guarantee contract and not a letter of credit when the bank's obligation to pay arose not upon the tender of conforming documents, but rather upon the bank's own factual determination of actual performance of contract by beneficiary
• instrument required issuer before paying to verify that beneficiary had factually performed on the underlying contract

Source: CourtListener parenthetical corpus (CC0).