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SHOGYO INTERN. v. FIRST NAT. BANK OF CLARKSDALE

No. 54857.

475 So.2d 425 (1985)

SHOGYO INTERNATIONAL CORPORATION v. FIRST NATIONAL BANK OF CLARKSDALE, Mississippi.

Supreme Court of Mississippi.

Rehearing Denied September 18, 1985.

Attorney(s) appearing for the Case

R. Conner McAllister, Jackson, for appellant.

William Cliff Heaton, Fincher G. Bobo, Neblett, Bobo, Chapman & Heaton, Shelby, for appellee.

Before WALKER, P.J., PRATHER and SULLIVAN, JJ.

SULLIVAN, Justice, for the Court:

Co-Products Unlimited, Inc., a manufacturer, acting through Gus Roessler, its general manager, ordered 100,000 plastic wheel casters in August, 1979, from Shogyo International Corporation, a New York import company. Gene Rubin, sales manager of Shogyo, required Co-Products, as a new customer, to provide Shogyo with a letter of credit from a bank. The First National Bank of Clarksdale, Mississippi, declined to issue a letter of credit...

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