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UNIVERSAL SAV. ASS'N v. KILLEEN SAV. & LOAN ASS'N

No. 01-87-01051-CV.

757 S.W.2d 72 (1988)

UNIVERSAL SAVINGS ASSOCIATION, Appellant, v. KILLEEN SAVINGS & LOAN ASSOCIATION, Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Denied September 7, 1988.

Attorney(s) appearing for the Case

Daniel H. Byrne, J. Michael Bell, Steven D. Strickland, Baker, Brown, Sharman & Parker, Houston, for appellant.

Linda L. Addison, Joy M. Soloway, Fulbright & Jaworski, Houston, for appellee.

Before COHEN, STEPHANOW and JACK SMITH, JJ.

OPINION

JACK SMITH, Justice.

This is an appeal from a summary judgment granted to appellee, Killeen Savings & Loan Association (Killeen) against appellant, Universal Savings Association (Universal) for the wrongful dishonor of a draft drawn on an irrevocable letter of credit issued by Universal. Universal also appeals the denial of its motion for summary judgment.

Universal's letter of credit was issued as part of a loan agreement whereby Killeen...

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