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FIRST STATE BANK v. DIAMOND PLASTICS

No. 76571.

891 P.2d 1262 (1995)

The FIRST STATE BANK, Ketchum, Oklahoma, Appellee, v. DIAMOND PLASTICS CORPORATION, Appellant.

Supreme Court of Oklahoma.

As Corrected March 16 and 21, 1995.

Attorney(s) appearing for the Case

Ronald N. Ricketts, Gable & Gotwals, Inc., Tulsa, Ronald E. Fry, Bailey & Fry, Vinita, for appellee.

Mark K. Blongewicz, Robert G. Cass, Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C., Tulsa, for appellant.

SIMMS, Justice.

Diamond Plastics Corporation (Diamond Plastics), defendant below, appeals the summary judgment entered by the trial court in favor of The First State Bank, Ketchum, Oklahoma, (Bank), appellee, on Bank's declaratory action regarding liability on a letter of credit. Diamond Plastics claims Bank is liable for payment under the letter of credit as well as damages for wrongful dishonor of the credit. Both parties...

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