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BECKMAN COTTON CO. v. FIRST NAT. BANK

No. 80-7774.

666 F.2d 181 (1982)

BECKMAN COTTON COMPANY, Plaintiff-Appellant Cross-Appellee, v. The FIRST NATIONAL BANK OF ATLANTA, Defendant-Appellee Cross-Appellant.

United States Court of Appeals, Fifth Circuit. Unit B

January 22, 1982.

Attorney(s) appearing for the Case

William G. McDaniel, Alan L. Dye, Atlanta, Ga., for plaintiff-appellant cross-appellee.

Gary W. Hatch, Atlanta, Ga., for defendant-appellee cross-appellant.

Before TUTTLE, RONEY and ANDERSON, Circuit Judges.

RONEY, Circuit Judge:

In this case, the district court refused to grant damages claimed by Beckman Cotton Company as a result of defendant First National Bank of Atlanta's mishandling of and initial refusal to honor an international letter of credit. It held that the actions taken by Beckman which established its damages were "simply not a valid procedure under the Uniform Commercial Code to remedy a breach or to mitigate damages." We reverse the court's decision...

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