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OCCIDENTAL FIRE & CAS. CO. v. CONTINENTAL BANK

No. 89-3717.

918 F.2d 1312 (1990)

OCCIDENTAL FIRE & CASUALTY COMPANY OF NORTH CAROLINA, Plaintiff-Appellant, v. CONTINENTAL BANK N.A., Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided November 27, 1990.

Attorney(s) appearing for the Case

Dennis C. Waldon, Monica L. Thompson, Edward H. Rice, Keck, Mahin & Cate, Marvin Glassman, Rabens, Formusa & Glassman, Chicago, Ill., Peter M. Foley, LeBoeuf, Lamb, Leiby & Macrae, Raleigh, N.C., for plaintiff-appellant.

Francis J. Higgins, James L. Meador, Carol A. Genis, Bell, Boyd & Lloyd, Chicago, Ill., for defendant-appellee.

Before CUDAHY and EASTERBROOK, Circuit Judges, and FAIRCHILD, Senior Circuit Judge.

CUDAHY, Circuit Judge.

Occidental Fire & Casualty Company contends that Continental Bank N.A. wrongfully dishonored Occidental's attempt to draw the proceeds of seven letters of credit of which Occidental was a co-beneficiary. The district court decided in Continental's favor, and Occidental appeals. We affirm.

I. FACTS

In 1984, Bill's Coal Company contracted to perform mine reclamation work in Kansas. Kansas required Bill's Coal to obtain a...

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