FIRST VIRGINIA VANK-COLONIAL v. Masri

The dispositive issue in this appeal is whether the evidence is sufficient to support the jury’s finding that First Virginia Bank-Colonial (FVBC) breached its contract with Dr. As’ad M. Masri.

This action arose from a written contract providing for an overseas wire transfer of funds from FVBC to Amro Bank (Amro), in Amsterdam, Holland. In February 1988, Masri and his wife obtained a loan of $150,000 from FVBC. On February 16, 1988 Masri signed a wire transfer request for FVBC to transfer the borrowed funds to Amro at its Scheldenplein branch, for deposit to the account of Lenex Corporation…