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  5. 767 S.W.2d 259 (1989)
 

INTERN. COMMERCIAL BANK OF CHINA v. HALL-FUSTON CORP.

No. 09-88-034 CV.

767 S.W.2d 259 (1989)

INTERNATIONAL COMMERCIAL BANK OF CHINA, Appellant, v. HALL-FUSTON CORPORATION and First RepublicBank Lufkin, Appellees.

Court of Appeals of Texas, Beaumont.

Rehearing Denied March 30, 1989.

Attorney(s) appearing for the Case

William D. Guidry, Nacogdoches, Ralph D. McBride, Thomas L. Woodman, and Craig M. Kaiser, Houston, for appellant.

Robert T. Cain, Jr., Curtis W. Fenley, Jr., and Stan M. Putman, Jr., Lufkin, for appellees.

OPINION

BURGESS, Justice.

This case involves a dispute over payment of a draft on a letter of credit. Hall-Fuston Corporation (Hall-Fuston) entered into an agreement with Min-Jye Wood Company, Ltd. (Min-Jye), a Taiwanese corporation, to purchase wood products. To secure payment for the purchases, Hall-Fuston obtained a letter of credit from RepublicBank Lufkin (RepublicBank) for the benefit of Min-Jye. Min-Jye was to present documents required by the letter...

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