Stringer Construction Co. v. American Insurance

How courts have described this case

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

• fraud must have “so vitiated the entire transaction that the legitimate purposes of the independence of the issuer’s obligation would no longer be served”
• under the UCC a court may look at the underlying contract only if there is fraud, forgery, or other defect in the documents, and the UCC is narrowly interpreted such that the fraud must vitiate the entire transaction: fraud in the factum or in forming the underling agreement is required.

Source: CourtListener parenthetical corpus (CC0).