CARGILL, INC. v. SUNLIGHT FOODS, INC.

No. 91-367.

586 So.2d 366 (1991)

CARGILL, INCORPORATED, Appellant, v. SUNLIGHT FOODS, INCORPORATED, Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied September 16, 1991.


Attorney(s) appearing for the Case

Murai, Wald, Biondo & Moreno and Marianne A. Vos, Miami, and Jorge L. Guerra, Coconut Grove, for appellant.

Hunter & Schultz and Steven Schultz, Miami, for appellee.

Before FERGUSON, COPE and GERSTEN, JJ.


COPE, Judge.

Cargill, Inc. appeals the trial court's denial of Cargill's motion to dissolve an injunction stopping payment on a letter of credit and the denial of a motion to increase the injunction bond. We reverse.

Cargill, as lessor, and Sunlight, as lessee, entered into a lease in 1986. Two years later Sunlight arranged for the issuance by City National Bank of a letter of credit naming Cargill Oilseeds Processing as the beneficiary. The beneficiary could...

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