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IN RE PRICHARD ESTATE

Docket Nos. 82086, 82087.

169 Mich. App. 140 (1988)

425 N.W.2d 744

In re PRICHARD ESTATE

Michigan Court of Appeals.

Decided June 7, 1988.

Attorney(s) appearing for the Case

Simpson & Moran (by Patrick A. Moran and David M. Black), for Paragon Transport, Inc.

Smith & Brooker, P.C. (by Albert C. Hicks), for Comerica Bank-Detroit, Executor of the Estate of C. Carlton Prichard, deceased.

Matheson, Parr, Schuler, Ewald, Ester & Cooke (by James D. Osmer), for Ronald C. Murrell and Murrell Enterprises, Inc.

Before: CYNAR, P.J., and WEAVER and M.H. CHERRY, JJ.

M.H. CHERRY, J.

I

These consolidated appeals involve actions by Ronald C. Murrell and Murrell Enterprises, Inc., and Comerica Bank-Detroit, formerly known as Detroit Bank & Trust Company, to recover damages on letters of credit given as security obtained by Paragon Transport, Inc., pursuant to a 1977 preliminary injunction order. The letters of credit were in the amounts of $500,000 and $200,000 payable...

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