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OSTEN MEAT CO. v. FIRST OF AMERICA BANK

Docket No. 145686.

205 Mich. App. 686 (1994)

517 N.W.2d 742

OSTEN MEAT COMPANY v. FIRST OF AMERICA BANK — SOUTHEAST MICHIGAN, NA

Michigan Court of Appeals.

Decided June 20, 1994, at 9:30 A.M.

Attorney(s) appearing for the Case

Jacob & Weingarten, P.C. (by Howard S. Sher and Noah Eliezer Yanich), for the plaintiff.

Jaffe, Raitt, Heuer & Weiss (by Brian G. Shannon, Melanie LaFave, and Daniella Saltz), for the defendant.

Before: SAWYER, P.J., and CORRIGAN and T.L. BROWN, JJ.

SAWYER, P.J.

Plaintiff appeals from a judgment of the circuit court entered in favor of defendant on plaintiff's claim against defendant for wrongful dishonor of a letter of credit. We affirm.

The essential facts are not in dispute. On May 17, 1989, at the request of its customer, Swenehart's Zero Foods, Inc.,1 defendant issued an irrevocable stand-by letter of credit for the benefit of plaintiff. The letter of credit provided...

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