DELTA BRANDS, INC. v. MBANK DALLAS, N.A.

No. 05-85-00807-CV.

719 S.W.2d 355 (1986)

DELTA BRANDS, INC., Appellant, v. MBANK DALLAS, N.A., formerly known as Mercantile National Bank At Dallas, Appellee.

Court of Appeals of Texas, Dallas.

Rehearing Denied October 13, 1986.


Attorney(s) appearing for the Case

Herman A. Lusky, Elizabeth A. Slate, Dallas, for appellant.

Timothy A. Duffy, Denise A. Bretting, Dallas, for appellee.

Before VANCE, DEVANY and SCALES, JJ.


SCALES, Justice.

Delta appeals from a summary judgment granting MBank recovery of money it paid Delta under a documentary letter of credit. We affirm.

Eurobox SPA contracted to purchase a steel coil processing line from Delta, which was to be installed in Eurobox's plant. To finance the purchase, Banca Popolare Di Vicenza, an Italian bank, issued a $698,737 documentary letter of credit1 in favor of Delta. MBank agreed to act as...

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