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CENTRAL BANK & TR. CO. v. BANNER TRADING CO.

Nos. 62-705, 62-706.

157 So.2d 201 (1963)

CENTRAL BANK AND TRUST COMPANY, A FLORIDA BANKING CORPORATION, APPELLANT, v. BANNER TRADING CO., INC., A FLORIDA CORPORATION, APPELLEE. CENTRAL BANK AND TRUST COMPANY, A FLORIDA BANKING CORPORATION, APPELLANT, v. E.M. FINKEL, ALSO KNOWN AS EMANUEL FINKEL, APPELLEE.

District Court of Appeal of Florida, Third District.

Rehearing Denied November 21, 1963.

Attorney(s) appearing for the Case

Pallot, Marks, Lundeen, Poppell & Horwich, Dixon, DeJarnette, Bradford, Williams, McKay & Kimbrell, Miami, for appellant.

Joseph Pardo, Mitchell M. Goldman, Miami, for appellees.

Before BARKDULL, C.J., and CARROLL and TILLMAN PEARSON, JJ.

BARKDULL, Chief Judge.

The instant litigation arose out of a financial transaction between the appellant and the appellee, Banner Trading Co., Inc., and the appellee, Finkel, wherein the bank issued certain letters of credit for the purchase of foreign automobiles on behalf of Banner and, in connection therewith, the appellee, Finkel, executed an agreement of guaranty as to a portion of the letters of credit. As security...

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