Osten Meat Co. v. First of America Bank-Southeast Michigan

How courts have described this case

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

• noting that requiring issuer to investigate the underlying transaction would negate the advantages of using a letter of credit, including “its independence from the underlying transaction and the predictability and swiftness of the determination to honor or dishonor a draw request”

Source: CourtListener parenthetical corpus (CC0).