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  5. 203 Cal.App.3d 409 (1988)
 

PROCYON CORP. v. COMPONENTS DIRECT, INC.

Docket No. G004646.

203 Cal.App.3d 409 (1988)

249 Cal. Rptr. 813

PROCYON CORPORATION, Plaintiff and Respondent, v. COMPONENTS DIRECT, INC., Defendant and Appellant.

Court of Appeals of California, Fourth District, Division Three.

July 29, 1988.

Attorney(s) appearing for the Case

COUNSEL

Prendiville & Passante and Anthony J. Passante, Jr., for Defendant and Appellant.

Aprahamian & Ducote and Harold A. Ducote, Jr., for Plaintiff and Respondent.

OPINION

WALLIN, J.

Procyon Corporation sued Components Direct, Inc. for breach of contract after Components failed to deliver goods under an oral agreement supported by an irrevocable letter of credit. The trial court held Procyon's irrevocable letter of credit satisfied the statute of frauds and found Components liable for Procyon's lost profits resulting from the breach.

Components...

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