MAYFIELD, Judge.
Rose Developments appeals from the order of the circuit court which permanently enjoined the drawing on, or honor of, a letter of credit, pursuant to Ark.Code Ann. § 4-5-114(2)(b) (Repl.1991), on the finding that appellant had committed fraud.
On December 6, 1988, appellee Pearson contracted with the appellant Rose to provide materia] and labor in connection with the construction of building "K" in a condominium project known as Solomons...
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