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BAYTOWN STATE BANK v. DON McMILLIAN LEASING CO.

No. 1499.

551 S.W.2d 771 (1977)

BAYTOWN STATE BANK, Appellant, v. DON McMILLIAN LEASING COMPANY, Appellee.

Court of Civil Appeals of Texas, Houston (14th Dist.).

Rehearing Denied June 1, 1977.

Attorney(s) appearing for the Case

Jon C. Pfennig, Reid, Strickland, Gillette & Elkins, Baytown, for appellant.

Jarrel D. McDaniel, G. Michael Curran, Vinson, Elkins, Searls, Connally & Smith, Houston, for appellee.

J. CURTISS BROWN, Chief Justice.

This is an appeal from a summary judgment for repudiation of a contract.

Don McMillian Leasing Company, appellee, entered into three equipment leasing agreements with International Computer Credit & Recovery, Inc. The financing arrangements provided that Baytown State Bank, appellant, would honor drafts presented by Don McMillian drawn upon International's account up to thirty-six months. The bank also released its security...

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