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Feati Bank vs. Villaluz: Legal Dispute Summary by VedarWolf is a document available to read on EtoBox.
This document summarizes a court case between Feati Bank & Trust Company (now Citytrust Banking Corporation), Bernardo E. Villaluz, and Axel Christiansen regarding a failed lumber transaction. Villaluz agreed to sell Christiansen 2,000 cubic meters of lauan logs for $54,000, to be paid via an irrevocable letter of credit from Security Pacific National Bank. However, Christiansen refused to provide required certification, preventing payment. The court found Christiansen liable for payment and Feati Bank liab
- Author
- VedarWolf
- Language
- EN