DBJJJ, INC. v. NATIONAL CITY BANK, B169885
Under the Uniform Customs and Practices for Documentary Credits, when a bank issuing a documentary letter of credit seeks a waiver from an applicant, seven banking days is not an automatically reasonable amount of time to provide notice of its decision to refuse the credit.
- Decided 10/26/2004
- Published 10/26/2004
- California Court of Appeal
- For Appellant:
- Jamie R. Schloss, Los Angeles, and David L. Amkraut for Plaintiff and Appellant.
- For Appellees:
- Mitchell Silberberg & Knupp, Richard B. Sheldon, Los Angeles; Moses & Singer, Michael Evan Avidon and Philippe Zimmerman, New York, NY, for Defendant and Respondent.