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KL International v. Commercial Bank of Korea

Appellate Division of the Supreme Court of New York, Second Department
May 1, 2000
272 A.D.2d 297 (N.Y. App. Div. 2000)

Opinion

Submitted March 14, 2000.

May 1, 2000.

In an action, inter alia, to recover payment pursuant to a letter of credit, the plaintiff appeals from a judgment of the Supreme Court, Nassau County (Franco, J.), entered January 6, 2000, which, after a nonjury trial, dismissed the complaint.

Paul Eisenstein, Woodbury, N.Y., for appellant.

Lubell Koven, New York, N.Y. (Paul Martin Weltz of counsel), for respondent.

LAWRENCE J. BRACKEN, J.P., DAVID S. RITTER, GABRIEL M. KRAUSMAN, NANCY E. SMITH, JJ.


DECISION ORDER

ORDERED that the plaintiff's notice of appeal from a decision dated February 9, 1999, is deemed a premature notice of appeal from the judgment (see, CPLR 5520[c]); and it is further,

ORDERED that the judgment is affirmed, with costs.

The plaintiff contends that a letter of credit was issued by the defendant in its favor on behalf of an entity known as Nissi Trading Corporation when a draft copy was faxed to the office of Nissi Trading Corporation or when the original document was temporarily handed to the plaintiff's representative for review. However, the testimony adduced at trial revealed that the plaintiff's representative was specifically informed that the letter of credit was incomplete and had not yet been issued. Thus, the Supreme Court's determination that no letter of credit was actually issued pursuant to Uniform Commercial Code 5-106 U.C.C.(b) is supported by the record and shall not be disturbed (see, Claridge Gardens v. Menotti, 160 A.D.2d 544).

BRACKEN, J.P., RITTER, KRAUSMAN and SMITH, JJ., concur.


Summaries of

KL International v. Commercial Bank of Korea

Appellate Division of the Supreme Court of New York, Second Department
May 1, 2000
272 A.D.2d 297 (N.Y. App. Div. 2000)
Case details for

KL International v. Commercial Bank of Korea

Case Details

Full title:KL International, Inc., appellant, v. Commercial Bank of Korea, Ltd., New…

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: May 1, 2000

Citations

272 A.D.2d 297 (N.Y. App. Div. 2000)
707 N.Y.S.2d 886