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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We are not called upon to decide whether a letter of credit constitutes a “payment or deposit of money” for purposes of section 1950.7 because 250 had drawn the entire amount of the letter of credit before the security deposit was due to be returned, and 250 was thus holding only “money” at the relevant point. Nor does the “independence” of letters of credit have any bearing on PhotoPoint’s right to the return of that money under the lease and the law governing the lease. This conclusion is supported by the decision in In re Graham Square, Inc. (6th Cir. 1997) 126 F.3d 823. The debtor in Graham Square