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INSURANCE CO. OF NORTH AMERICA v. HERITAGE BANK

Nos. 78-2027, 78-2028.

595 F.2d 171 (1979)

INSURANCE COMPANY OF NORTH AMERICA, Appellant, v. HERITAGE BANK, N. A.

United States Court of Appeals, Third Circuit.

Decided March 19, 1979.

Attorney(s) appearing for the Case

Charles W. Heuisler (argued), John B. Kearney, Archer, Greiner & Read, Haddonfield, N. J., for appellee.

Seymour Kurland (argued), Barbara Etkind, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for appellant.

Before ADAMS and WEIS, Circuit Judges, and KUNZIG, Judge.

OPINION OF THE COURT

PER CURIAM.

In order to appeal a judgment against them that had been entered in the Pennsylvania state court system, Horace and Jean Billings were required to post a bond. To induce the Insurance Company of North America (INA) to post such a bond, the Billingses requested Heritage Bank to issue a letter of credit in the amount of $78,673.00 in favor of INA.1 The...

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