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Reliance Commodities, Inc. and Daewoo Industrial Co., Ltd. entered into multiple contracts for the sale of foundry pig iron, with issues arising from short shipments and the failure of Reliance to open a Letter of Credit (L/C) as required. The trial court ruled that Reliance was liable for damages due to its failure to open the L/C, while also ordering Daewoo to compensate Reliance for a short delivery from a previous contract. The Court of Appeals upheld the trial court

Author

Nojoma Pangandaman

Language

EN