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GRIFFIN COMPANIES v. FIRST NAT. BANK

No. C2-85-729.

374 N.W.2d 768 (1985)

The GRIFFIN COMPANIES, INC., Respondent, v. The FIRST NATIONAL BANK OF ST. PAUL, Defendant, Heritage Associates, Ltd., Appellant.

Court of Appeals of Minnesota.

October 1, 1985.

Attorney(s) appearing for the Case

Richard I. Diamond, Mark E. DuVal, Larkin, Hoffman, Daly & Lindgren, Ltd., Minneapolis, for respondent.

Richard Anderson, St. Paul, for defendant.

Richard Rosow, Lang, Pauly & Gregerson, Ltd., Minneapolis, for appellant.

Heard, considered and decided by FOLEY, P.J., and FORSBERG and NIERENGARTEN, JJ.

OPINION

FORSBERG, Judge.

This is an appeal from an order granting a temporary injunction preventing the honor of a letter of credit. We affirm.

FACTS

This is an appeal from an order granting a preliminary injunction on March 15, 1985, preventing the honor of an irrevocable letter of credit procured by Griffin Companies, Inc. (Griffin) in favor of Heritage Associates Limited (Heritage). The letter was issued by the First National Bank of...

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