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SECURITY STATE BANK OF BASIN v. BASIN PETRO.

No. 85-69.

713 P.2d 1170 (1986)

SECURITY STATE BANK OF BASIN, Wyoming, Appellant (Defendant), v. BASIN PETROLEUM SERVICES, INC., a Wyoming corporation, Appellee (Plaintiff).

Supreme Court of Wyoming.

February 6, 1986.

Attorney(s) appearing for the Case

George E. Powers, Jr. and Julie Nye Tiedeken of Godfrey & Sundahl, Cheyenne, for appellant.

Joseph E. Darrah, Powell, for appellee.

Before THOMAS, C.J., and ROSE, ROONEY, BROWN and CARDINE, JJ.

ROONEY, Justice.

Appellee Basin Petroleum Services, Inc. brought suit to recover on a letter of credit issued by appellant Security State Bank of Basin, Wyoming. This appeal is from a judgment in favor of appellee.

We reverse.

Appellant words the issues on appeal:

"1. Whether the Court erred as a matter of law in determining that Security State Bank of Basin was estopped to require strict compliance with the letter of credit. "2...

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