holding that a beneficiary must strictly comply with the conditions of a letter of credit
Summary of this case from Kuntal, S.A. v. Bank of New YorkNo. 803.
February 26, 1945, OCTOBER TERM, 1944.
Petition for writ of certiorari to the Court of Claims denied. Solicitor General Fahy for the United States. Reported below: 102 Ct. Cls. 40.
holding that a beneficiary must strictly comply with the conditions of a letter of credit
Summary of this case from Kuntal, S.A. v. Bank of New YorkFull title:UNITED STATES v. BRAND INVESTMENT CO
Court:U.S.
Date published: Feb 26, 1945
Of course that factor might require special scrutiny as to the basis and reasonableness of the charges…
White Oak Corporation v. Department of TranspSuch a 50 percent reduction is the standard method used by the federal courts for making such an adjustment.…