From Casetext: Smarter Legal Research

Petitions for Discretionary Review

Supreme Court of North Carolina
Jan 1, 1981
303 N.C. 550 (N.C. 1981)

Summary

holding that a party providing a letter of credit "fails at its peril" to include in the letter language restricting honor and payment of the credit

Summary of this case from Carlson v. Branch Banking and Trust Co.

Opinion

1981


Summaries of

Petitions for Discretionary Review

Supreme Court of North Carolina
Jan 1, 1981
303 N.C. 550 (N.C. 1981)

holding that a party providing a letter of credit "fails at its peril" to include in the letter language restricting honor and payment of the credit

Summary of this case from Carlson v. Branch Banking and Trust Co.
Case details for

Petitions for Discretionary Review

Case Details

Full title:PETITIONS FOR DISCRETIONARY REVIEW

Court:Supreme Court of North Carolina

Date published: Jan 1, 1981

Citations

303 N.C. 550 (N.C. 1981)

Citing Cases

Universal Marine Ins. Co., Ltd. v. Beacon Ins. Co.

The letter of credit is the final contract which arises between the issuing bank and the beneficiary. Sunset…

Speedway Motorsports Intrntal. v. Trading

This reference to "separate agreements" is consistent with the "independence principle," which is a…