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COLONIAL CEDAR CO., INC. v. ROYAL WOOD PRODS., INC.

No. 83-1410.

448 So.2d 1218 (1984)

COLONIAL CEDAR COMPANY, INC., Appellant, v. ROYAL WOOD PRODUCTS, INC., a Florida Corporation, Florida National Bank of Miami, a National Banking Association, and Capital Bank, a National Banking Association, Appellees.

District Court of Appeal of Florida, Fourth District.

April 25, 1984.

Attorney(s) appearing for the Case

Reed A. Bryan of McCune, Hiaasen, Crum, Ferris & Gardner, P.A., Fort Lauderdale, for appellant.

Kyle R. Saxon of Paige & Catlin, Miami, for appellee Florida National Bank of Miami.

PER CURIAM.

REVERSED. We believe the trial court erred in entering summary judgment for the appellee bank on the appellant's claim that the bank wrongfully refused to issue payment on a letter of credit. In seeking a summary judgment below the bank relied solely on the grounds that the appellant's letter request for payment failed to meet the requirements of the letter of credit that a formal draft and certificate be filed with the bank before the credit need be honored...

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