Mid-America Tire v. PTZ Trading

Citations

• 2002 Ohio 2427
• 95 Ohio St. 3d 367

Syllabus

Ohio Uniform Commercial Code—Letters of credit—Requirement for a court of competent jurisdiction to enjoin the issuer of a letter of credit from honoring a presentation under R.C. 1305.08(B)—Uniform Customs and Practice for Documentary Credits will not replace the relevant provisions of R.C. Chapter 1305, when—R.C. 1305.08(B) is applicable to credit transactions made subject to the UCP, when—Injunctive relief under R.C. 1305.08(B) warranted in a letter of credit transaction, when—\Material fraud\ under R.C. 1305.08(B), construed.