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ESSO PETROLEUM CANADA v. SECURITY PACIFIC BANK

Civ. No. 88-160-FR.

710 F.Supp. 275 (1989)

ESSO PETROLEUM CANADA, A DIVISION OF IMPERIAL OIL LIMITED, a Canadian company, Plaintiff, v. SECURITY PACIFIC BANK, f/k/a The Oregon Bank, an Oregon corporation, Defendant.

United States District Court, D. Oregon.

March 14, 1989.

Attorney(s) appearing for the Case

Dennis P. Rawlinson, Linda L. Marshall, Daniel O. Norris, Miller, Nash, Wiener, Hager & Carlsen, Portland, Or., for plaintiff.

Richard G. Spier, Helen T. Dziuba, Sussman, Shank, Wapnick, Caplan & Stiles, Portland, Or., for defendant.

OPINION

FRYE, District Judge:

The matters before the court are the motion for summary judgment (# 45) of defendant, The Oregon Bank (the Bank), on all claims brought by plaintiff, Esso Petroleum Canada (Esso), and Esso's motion for partial summary judgment on its first and third claims for relief (# ).

Esso alleges that the Bank wrongfully dishonored its irrevocable standby letter of credit by failing to specify the discrepancies which caused the...

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