· 5/15/1989
Pioneer Bank & Trust Co. v. Seiko Sporting Goods, U.S.A. Co.
Citations
- 540 N.E.2d 808
- 184 Ill. App. 3d 783
- 132 Ill. Dec. 886
- 9 U.C.C. Rep. Serv. 2d (West) 688
- 1989 Ill. App. LEXIS 705
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- the letter of credit is independent of the underlying contract, and when the documents presented comply with the conditions specified in the letter of credit, the issuer is authorized and obligated to pay
- the letter of credit is independent of the underlying agreement between the issuer and the beneficiary, and when the specified documents presented comply with the specifications in the letter of credit, the issuer is obligated to pay
Source: CourtListener parenthetical corpus (CC0).
Judges: Campbell
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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