AIRLINE REPORTING v. FIRST NAT. BK. OF HOLLY HILL

No. 86-2631.

832 F.2d 823 (1987)

AIRLINE REPORTING CORPORATION, Plaintiff-Appellant, v. The FIRST NATIONAL BANK OF HOLLY HILL, Defendant-Appellee.

United States Court of Appeals, Fourth Circuit.

Decided October 29, 1987.


Attorney(s) appearing for the Case

John Randolph Pelzer (Pelzer & Algar, P.A., Charleston, S.C., on brief), for plaintiff-appellant.

G. Dana Sinkler (Sinkler, Gibbs & Simons, Charleston, S.C., on brief), for defendant-appellee.

Before RUSSELL and WILKINSON, Circuit Judges, and HOFFMAN, United States District Judge for the Eastern District of Virginia, sitting by designation.


DONALD RUSSELL, Circuit Judge:

The Airline Reporting Corporation ("ARC") is appealing the district court's Order dismissing the ARC's action against The First National Bank of Holly Hill (Bank) for wrongful dishonor of a letter of credit. This case requires the court to apply South Carolina commercial law to determine whether the district court was correct in finding that the ARC committed fraud in drawing on a letter of credit given by the Bank as a guarantee of...

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