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TOYOTA INDUS. TRUCKS v. CITIZENS NAT. BANK

No. 79-1036.

611 F.2d 465 (1979)

TOYOTA INDUSTRIAL TRUCKS U. S. A., INC. v. CITIZENS NATIONAL BANK OF EVANS CITY, Appellant, v. PROMAT CORPORATION.

United States Court of Appeals, Third Circuit.

Decided December 17, 1979.

Attorney(s) appearing for the Case

R. F. Wagner, Brandt, Milnes, Rea & Malone, Pittsburgh, Pa., for appellant.

James G. Park, Melvin L. Moser, Jr., Buchanan, Ingersoll, Rodewald, Kyle & Buerger, Pittsburgh, Pa., for appellee, Toyota Industrial Trucks.

Before ALDISERT, ROSENN, and GARTH, Circuit Judges.

Submitted under Third Circuit Rule 12(6) September 6, 1979.

OPINION OF THE COURT

ROSENN, Circuit Judge.

This appeal in a diversity case presents for our consideration two issues requiring interpretation under Pennsylvania law of Article Five of the Uniform Commercial Code dealing with letters of credit. We are asked first to determine whether a particular credit arrangement between a bank and a seller of...

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