BORDER NATIONAL BANK OF EAGLE PASS, TEXAS,

v.

AMERICAN NATIONAL BANK OF SAN FRANCISCO, CALIFORNIA

Citator

Cited By

• United States v. Sischo, 262 U.S. 165 (U.S. 1923)
• Barclays Bank D. C. O. v. Mercantile Nat'l Bank, 481 F.2d 1224 (5th Cir. 1973)
  …7, 134 S.E. 2d 777 (1964). . X Halls, The Uniform Commercial Code in Minnesota: Article 5 — Letters of Credit, 50 Minn.L.Rev. 453, 454 at n. 3 (1966). . See Border National Bank v. American National Bank, 282 F. 73, 77 (5th Cir., 1922), cert. den. 260 U.S. 701, 43 S.Ct. 96, 67 L.Ed. 471. As one commentator lias noted: “A letter of credit always serves as a guaranty. This does not mean that it is a guaranty. A letter of credit is an identical twin to a guaranty, but tlie fact that the two things look alik…
• Davies v. Lahann, 145 F.2d 656 (10th Cir. 1944)
  …d independent undertaking binding the guarantor apart from the primary obligation. Bank of Plant City v. Canal-Commercial Trust & Savings Bank, 5 Cir., 270 F. 477; Border National Bank v. American National Bank, 5 Cir., 282 F. 73, certiorari denied, 260 U.S. 701, 732, 43 S.Ct. 96, 67 L.Ed. 471. But the bond on which recovery was had in the court below was not an independent undertaking of that kind, separate and apart from the primary obligation. Instead, it was essentially a collateral engagement condition…

Authorities Cited

• Shulthis v. McDougal, 225 U.S. 561 (U.S. 1912)
• Hull v. Burr, 234 U.S. 712 (U.S. 1914)
• Spencer v. Duplan Silk Co., 191 U.S. 526 (U.S. 1903)
• Roman Catholic Church of ST. Anthony of Padua v. The Pa. R.R. Co., 237 U.S. 575 (U.S. 1915)