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TEMPLE-EASTEX INC. v. ADDISON BANK

No. C-2861.

672 S.W.2d 793 (1984)

TEMPLE-EASTEX INCORPORATED, Petitioner, v. ADDISON BANK, Respondent.

Supreme Court of Texas.

Rehearing Denied July 18, 1984.

Attorney(s) appearing for the Case

R.C. Thompson, Diboll, Joseph H. McCracken, Dallas, for petitioner.

Robert L. McCallum, Dallas, for respondent.

McGEE, Justice.

We must determine whether Addison Bank wrongfully dishonored a letter of credit presented to it for payment by Temple-Eastex Incorporated. Trial was before the court on stipulated facts. The trial court rendered judgment in favor of Temple-Eastex, holding that the bank wrongfully dishonored the letter of credit. The bank appealed. The court of appeals reversed the judgment of the trial court and rendered judgment that Temple-Eastex take nothing.

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