section 1951

Citation: section 1951
Parent Document: 250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
Jurisdiction: California (state)
Effective Date: 2005-07-28
Original Source: https://www.courtlistener.com/opinion/2281319/250-llc-v-photopoint-corpusa/ ↗

Other Sections in This Document (165)

250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
250 LLC v. Photopoint Corp.(usa), 32 Cal. Rptr. 3d 296 (2005)
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of the proceeds of the letter of credit. It prohibits an attack on the issuing bank’s distribution to the beneficiary and does not address claims respecting the underlying contract. In these cases the trustee has not challenged the distribution of the proceeds by [the issuer], but instead, has challenged [the bank’s] right to retain the commitment fee and has brought an action on the underlying contract between the debtor and [the bank]. *718