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CENTENNIAL INDUSTRIES, INC. v. UNION TRUST CO.

No. 1345, September Term, 1987.

75 Md. App. 202 (1988)

540 A.2d 1169

CENTENNIAL INDUSTRIES, INC. v. UNION TRUST COMPANY OF MARYLAND.

Court of Special Appeals of Maryland.

Certiorari Denied August 29, 1988.

Attorney(s) appearing for the Case

Jeffrey C. Hines, Baltimore, for appellant.

John H. Culver, III (Miles & Stockbridge, on the brief), Baltimore, for appellee.

Argued before BISHOP and ROSALYN B. BELL, JJ., and JAMES S. GETTY, Associate Judge of the Court of Special Appeals (retired), Specially Assigned.

JAMES S. GETTY, Judge, Specially Assigned.

This is an appeal by Centennial Industries, Inc., from a denial of its motion to vacate a confessed judgment, in the amount of $50,000.00, obtained by Union Trust Company of Maryland. Intertwined in this question are issues of good faith dealing between parties, meritorious defenses and the commercial vitality and function of letters of credit. We begin with a factual recitation of the transactions between the parties.

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