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VEST v. PILOT POINT NAT. BANK

No. 2-98-164-CV.

996 S.W.2d 9 (1999)

Freddy VEST and Yellow Rose Custom Homes, Inc. Appellant, v. PILOT POINT NATIONAL BANK, Appellee.

Court of Appeals of Texas, Fort Worth.

Rehearing Overruled August 12, 1999.

Attorney(s) appearing for the Case

McDowell Collmer, L.L.P., John T. McDowell, Clinton E. Wells, Jr., Michael T. Fuerst, Attorneys, Houston, for Appellant.

Minor & Jester, Tom D. Jester Jr., Mark G. Mann, Denton, for Appellee.

Panel B: DAUPHINOT, BRIGHAM, and HOLMAN, JJ.

OPINION

WILLIAM BRIGHAM, Justice.

Appellants Freddy Vest ("Vest") and Yellow Rose Custom Homes, Inc. ("Yellow Rose") appeal the trial court's grant of summary judgment in favor of Appellee Pilot Point National Bank ("Bank"). In this appeal we will determine whether a beneficiary of a letter of credit which incorporates the Uniform Customs and Practices for Documentary Credits ("UCP"), upon presentation of a draft or demand for payment, must reasonably or...

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