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INTERFIRST BANK GREENSPOINT v. FIRST FED. S. & L. ASS'N

No. 59,782

242 Kan. 181 (1987)

747 P.2d 129

INTERFIRST BANK GREENSPOINT, A TEXAS STATE BANK ORGANIZATION, Plaintiff/Appellee, v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF BELOIT, Defendant/Third-Party Plaintiff/Appellant, v. PAUL J. CHAINEY and WALTER J. KASSUBA, Third-Party Defendants.

Supreme Court of Kansas.

Opinion filed December 11, 1987.

Attorney(s) appearing for the Case

James Howard, of Morrison, Hecker, Curtis, Kuder & Parrish, of Overland Park, argued the cause, and R. Kent Sullivan, of the same firm, Nancy L. Shelledy, of the same firm, of Kansas City, Missouri, Howard S. Levitan and Lawrence D. Flick, of The Howard S. Levitan Professional Association, of Prairie Village, and Harry W. Gantenbein and Guy R. Steier, of Gantenbein & Frasier, of Beloit, were on the briefs for the appellant.

J. Stan Sexton, of Hampton, Royce, Engleman & Nelson, of Salina, argued the cause and was on the brief for the appellee.

The opinion of the court was delivered by

MILLER, J.:

This is an appeal by First Federal Savings & Loan Association of Beloit (First Federal) from a summary judgment granted against it and in favor of InterFirst Bank Greenspoint, of Houston, Texas, (InterFirst) based upon First Federal's dishonor of its letters of credit, and also from a summary judgment entered in favor of InterFirst on First Federal's counterclaim...

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