Abe Schrader Corp. v. Legend Apparel Manufacturing Co.
Opinion of the Court
—Order, Supreme Court, New York County (Myriam Altman, J.), entered October 1, 1991, which, inter alia, granted defendant-respondent’s summary judgment motion dismissing plaintiff-appellant’s complaint, unanimously affirmed, with costs.
The court correctly determined that National Westminster Bank was not liable to State Bank of India (SBI) for advances SBI made to Legend pursuant to a "red clause” in a letter of credit since SBI failed to offer evidentiary proof that it had
Case-law data current through December 31, 2025. Source: CourtListener bulk data.