Temple-Eastex Inc. v. Addison Bank

McGEE, Justice.

We must determine whether Addison Bank wrongfully dishonored a letter of credit presented to it for payment by Temple-Eastex Incorporated. Trial was before the court on stipulated facts. The trial court rendered judgment in favor of Temple-Eastex, holding that the bank wrongfully dishonored the letter of credit. The bank appealed. The court of appeals reversed the judgment of the trial court and rendered judgment that Temple-Eastex take nothing. 665 S.W.2d 550. We reverse the judgment of the court of appeals and affirm the judgment of the trial court.

On December 7, 1979, the…