JOHNSON DRILLING CO. v. BANK OF THE SOUTH

75661.

186 Ga. App. 162 (1988)

367 S.E.2d 559

JOHNSON DRILLING COMPANY, INC. v. BANK OF THE SOUTH, N.A.

Court of Appeals of Georgia.

Rehearing Denied March 3, 1988.


Attorney(s) appearing for the Case

F. Carter Tate, for appellant.

Thomas H. Christopher, Constance C. Russell, for appellee.


POPE, Judge.

Summary judgment was granted to defendant-appellee Bank South based upon the following undisputed facts. In 1980 John and Hubert Johnson, owners of appellant Johnson Drilling Company, set up two mining companies, J. J. Mining Company and J & P Coal Company (hereinafter "the mining companies"). In order to obtain a reclamation bond as required by the State of Tennessee, the Johnsons requested Bank South to issue the mining companies a letter of credit...

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