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AMOCO OIL CO. v. FIRST BANK & TRUST CO.

No. 54616.

759 S.W.2d 877 (1988)

AMOCO OIL COMPANY, Respondent, v. FIRST BANK AND TRUST COMPANY, Appellant.

Missouri Court of Appeals, Eastern District, Division One.

November 1, 1988.

Attorney(s) appearing for the Case

Kaveney, Beach, Bond, Ullom & Burcke, Terry A. Bond, Clayton, for appellant.

Kathryn M. Koch, Christine F. Miller, St. Louis, for respondent.

CRIST, Judge.

Defendant, First Bank and Trust Company (Bank), appeals the decision of the trial court granting the motion by plaintiff, Amoco Oil Company (Amoco), for summary judgment, wherein the court upheld Amoco's petition for wrongful dishonor of a letter of credit and assessed damages against Bank for the full amount of the letter of credit and interest thereon. We affirm.

From 1983 to 1987, Bank issued yearly irrevocable letters of credit on behalf...

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