Case Name: Bombay Industries, Inc., Respondent, v. Bank of New York, Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1996-11-12
Citations: 233 A.D.2d 146
Docket Number: 
Parties: Bombay Industries, Inc., Respondent, v Bank of New York, Appellant.
Judges: 
Reporter: Appellate Division Reports
Volume: 233
Pages: 146–147

Head Matter:
Bombay Industries, Inc., Respondent, v Bank of New York, Appellant.
[649 NYS2d 784]

Opinion:
—Order, Supreme Court, New York County (Ira Gammerman, J.), entered August 14, 1995, which, inter alia, granted plaintiff's motion for summary judgment, reversed, on the law, without costs, and the motion is denied.
The bank's receipt of Collection Clothing Corporation's approval to waive certain discrepancies in the draw documents did not necessarily alter its separate right to require strict compliance with the letter of credit in this suit for wrongful dishonor (Western Intl. Forest Prods, v Shinhan Bank, 860 F Supp 151, 155; cf., Bank of Seoul v Norwest Bank Minn., 218 AD2d 542). Summary judgment is further inappropriate as there is still an outstanding factual issue regarding the timeliness of the bank's notice of dishonor (Hellenic Republic v Standard Chartered Bank, 219 AD2d 498, 499; Alaska Textile Co. v Chase Manhattan Bank, 982 F2d 813, 822). Concur—Milonas, J. P., Rosenberger, Wallach and Tom, JJ.