Export-Import Bank v. United California Discount Corp.
Opinion
Opinion
Snyder, J.
ORDER GRANTING IN PART AND DENYING IN PART CROSS-MOTIONS FOR SUMMARY JUDGMENT
I. INTRODUCTION
On April 27, 2009, plaintiff Export-Import Bank of the United States (“Ex-Im”) filed the instant action against defendant United California Discount Corp. dba United Nevada Trade International, dba United California Factors, and dba United California Trade Finance (“UCDC”) alleging claims for: (1) 'wrongful dishonor of standby letters of credit; (2) breach of contract; and (3) unjust enrichment.
On July 16, 2010 and July 30, 2010, defendant and plaintiff respectively filed the instant cross-motions for summary judgment. On July 26, 2010 and August 9, 2010, the parties filed their oppositions. On August 2, 2010 and August 16, 2010, the parties filed their replies. A hearing was held on August 30, 2010, and the motion was taken under submission. After carefully considering the arguments set forth by both parties, the Court finds and concludes as follows.
II. BACKGROUND
Plaintiff is a corporation organized and existing under federal law as an agency of the United States of America created pursuant to 12 U.S.C. § 635 . Ex-Im’s Statement of Uncontroverted Facts (“ESUF”) ¶ 1. Defendant is…