Maurice O'Meara Co v. National Park Bank of New York involved a letter of credit for a shipment of newsprint. The bank was concerned that the shipment was not as represented in the documents. In finding in favor of the seller's assignee, the court:
A) emphasized the independence principle in letter of credit transactions
B) focused on the bank's legal right to refuse documents that do not strictly comply with the terms of the letter of credit.
C) upheld the bank's right to have an inspection to test the tensile strength of the newsprint.
D) A and C only.
A
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