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FIRST NAT. BANK v. CARMOUCHE

No. 87-C-1137.

515 So.2d 785 (1987)

FIRST NATIONAL BANK OF JEFFERSON PARISH v. Terrel J. CARMOUCHE.

Supreme Court of Louisiana.

November 30, 1987.

Attorney(s) appearing for the Case

Rader Jackson, Betty F. Mullin, Shushan, Meyer, Jackson, McPherson & Herzog, New Orleans, for applicant.

Don M. Richard, New Orleans, Robert A. Mathis, Newman, Drolla, Mathis, Brady & Wakefield, Metairie, for respondent.

DENNIS, Justice.

In this letter of credit case, an issuing bank, First National Bank of Jefferson Parish, is seeking reimbursement from its customer, Terrel Carmouche, for sums disbursed by the bank to the beneficiary, PAC Oil Co., and its draft endorsee, Colonial Bank. The crucial issue is whether the issuing bank was in "good faith" when it paid the credit, even though the bank was informed by the customer and an employee of the beneficiary that the customer might...

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