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AETNA LIFE AND CAS. CO. v. HUNTINGTON NAT. BANK

No. 90-3047.

934 F.2d 695 (1991)

AETNA LIFE AND CASUALTY COMPANY, Plaintiff-Appellant, v. HUNTINGTON NATIONAL BANK, Defendant-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided May 20, 1991.

Attorney(s) appearing for the Case

Avrum Levicoff (argued), Anstandig, Levicoff & McDyer, Pittsburgh, Pa., for plaintiff-appellant.

James E. Pohlman (argued), Jennifer T. Mills, Daniel W. Costello, S. Ronald Cook, Porter, Wright, Morris & Arthur, Columbus, Ohio, for defendant-appellee.

Before MARTIN and GUY, Circuit Judges, and LIVELY, Senior Circuit Judge.

LIVELY, Senior Circuit Judge.

This case requires the interpretation and application of a provision of the Uniform Commercial Code (UCC), as adopted by the Ohio legislature in Title XIII of Ohio Revised Code (O.R.C.). More specifically, we are concerned with the provision of UCC § 5-114(2), O.R.C. § 1305.13(B), which permits the issuer of a letter of credit to refuse payment, or to dishonor, a draft presented with the letter of credit because of alleged ...

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