Legal Opinion
Security State Bank of Basin v. Basin Petroleum Services Inc.
Wyoming Supreme Court
Decided February 6, 1986No. 85-69PublishedCited by 4 opinions
1Opinion of the Court
ROONEY, Justice.
Appellee Basin Petroleum Services, Inc. brought suit to recover on a letter of credit issued by appellant Security State Bank of Basin, Wyoming. This appeal is from a judgment in favor of appellee.
We reverse.
Appellant words the issues on appeal:
“1. Whether the Court erred as a matter of law in determining that Security State Bank of Basin was estopped to require strict compliance with the letter of credit.
“2. If the Court finds that the bank is estopped to require strict compliance because of its actions on previous purchase orders, whether it is then entitled to credits for…
2Cases cited9 opinions
- Roth v. First Security Bank of Rock SpringsWyoming Supreme Court · 1984
- Insurance Company of North America v. Heritage Bank, N. ACourt of Appeals for the Third Circuit · 1979
- First Arlington National Bank v. StathisAppellate Court of Illinois · 1980
- Tosco Corporation v. Federal Deposit Insurance CorporationCourt of Appeals for the Sixth Circuit · 1983
- First National Bank v. WynneCourt of Appeals of Georgia · 1979
4 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Wagner v. First Wyoming Bank, N.A. LaramieWyoming Supreme Court · 1989
- Mercantile-Safe Deposit & Trust Co. v. Baltimore CountyCourt of Appeals of Maryland · 1987
- Bisker v. Nationsbank, N.A.District of Columbia Court of Appeals · 1996
- Security State Bank of Basin v. Basin Petroleum Services Inc.Wyoming Supreme Court · 1986