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AMERICAN NAT. BK. v. CASHMAN BROS. MARINE

No. 88-297.

550 So.2d 98 (1989)

AMERICAN NATIONAL BANK, Appellant, v. CASHMAN BROTHERS MARINE CONTRACTING, Appellee.

District Court of Appeal of Florida, First District.

September 26, 1989.

Attorney(s) appearing for the Case

John D. O'Brien, Panama City, for appellant.

Jacalyn N. Kolk of Hilton, Hilton, Kolk & Laing, P.A., Panama City, for appellee.

SMITH, Judge.

Appellant appeals from a summary judgment entered in a suit brought by the appellee for wrongful dishonor of a letter of credit. We reverse.

The appellant issued an irrevocable letter of credit to Hobbs Construction and Development Company for the benefit of the appellee, who was to tow a ship from Puerto Rico to Boston for Hobbs. The letter of credit specified two conditions of honor: the original letter and a document certifying the failure...

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