MADDOX, Justice.
The defendant below, Poughkeepsie Savings Bank, appeals from the trial court's order which permanently enjoined Poughkeepsie's attempt to collect an irrevocable Letter of Credit established by the plaintiff, Highland Terrace Apartments.
Highland, a partnership, employed W. B. Phillips to secure permanent financing for an apartment complex on Birmingham's southside. Phillips sought a $940,000 commitment from Poughkeepsie, but got only $850...
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