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ABILENE NAT. BANK v. FINA SUPPLY, INC.

No. 11-85-112-CV.

706 S.W.2d 737 (1986)

ABILENE NATIONAL BANK n/k/a MBank Abilene, N.A., Appellant, v. FINA SUPPLY, INC., Appellee.

Court of Appeals of Texas, Eastland.

Rehearing Denied April 3, 1986.

Second Rehearing Denied April 17, 1986.

Attorney(s) appearing for the Case

W. Mike Baggett & Tonya Johannsen, Winstead, McGuire, Sechrest & Minick, Dallas, Pete Baker, Glandon, Erwin, Scarborough, Baker, Choate & Arnot, Abilene, for appellant.

Donald E. Godwin & J. Richard Tubb, Maxwell, Godwin & Carlton, Dallas, Roy B. Longacre, Wagstaff, Harrell, Alvis, Stubbeman, Seamster & Longacre, Abilene, for appellee.

Opinion

RALEIGH BROWN, Justice.

This suit concerns a letter of credit. Abilene National Bank, now known as MBank Abilene, N.A., filed suit seeking a declaratory judgment that it was not liable to fund Letter of Credit No. 1342 in favor of Fina Supply, Inc. because the presentment documents submitted with Fina's draw request did not comply with the terms and conditions of the letter of credit. Subsequently, after Abilene National Bank failed to honor its...

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