UNIVERSAL SEC. INS. CO. v. RING

No. 89-74.

769 S.W.2d 750 (1989)

298 Ark. 582

UNIVERSAL SECURITY INSURANCE CO., Appellant, v. George RING, Appellee.

Supreme Court of Arkansas.

May 8, 1989.


Attorney(s) appearing for the Case

James M. Simpson, M. Gayle Corley, Guy Alton Wade, Little Rock, for appellant.

Michael R. Gott, Jonesboro, for appellee.


PURTLE, Justice.

This case was tried to the circuit court without a jury, and the appellant was held liable for wrongfully exercising the power granted to it in a letter of credit issued to George Ring. The court awarded compensatory and punitive damages. For reversal the appellant argues: (1) the trial court erred in failing to hold that the letter of credit applied to the facts of this case; (2) the trial court erred in holding that the letter of credit was restricted...

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