· 6/2/1994
Semetex Corp. v. UBAF Arab American Bank
Citations
- 853 F. Supp. 759
- 24 U.C.C. Rep. Serv. 2d (West) 170
- 1994 U.S. Dist. LEXIS 7270
- 1994 WL 250021
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- stating that UCP governs only \facial discrepancies\
- “This independence principle is universally viewed as essential to the proper functioning of letters of credit and to their particular value.”
- “the issuing or confirming bank must honor a proper demand even though the beneficiary has breached the underlying contract”
Source: CourtListener parenthetical corpus (CC0).
Judges: Sand
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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