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ARMAC INDUSTRIES, LTD. v. CITYTRUST

(13022)

203 Conn. 394 (1987)

ARMAC INDUSTRIES, LTD. v. CITYTRUST

Supreme Court of Connecticut.

Decision released May 5, 1987.

Attorney(s) appearing for the Case

Gary P. Sklaver, for the appellant (plaintiff).

Richard J. Buturla, for the appellee (defendant).

PETERS, C. J., HEALEY, SHEA, SANTANIELLO and CALLAHAN, JS.

PETERS, C. J.

The decisive question in this case is whether an issuing bank rightfully dishonored a demand for payment of a letter of credit because of discrepancies between the demand and the terms of the letter of credit. The plaintiff, Armac Industries, Ltd., the designated beneficiary of an irrevocable letter of credit, brought an action against the defendant Citytrust to recover $49,766.41, the face amount of the credit issued by the defendant at the request...

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