American Nat. Bank & Trust Co. v. Banco Nacional De Nicaragua, Inc.

KNIGHT, Justice.

Suit by the Banco Nacional de Nicaragua, Inc., a corporation organized, and doing business under the laws of Nicaragua and having its place of business at Blue-fields, Nicaragua, _ against the American National Bank & Trust Company, a banking institution doing business at Mobile, Ala.

The suit was brought to recover certain sums of money paid by plaintiff for certain drafts drawn on the American National Bank & Trust Company of Mobile, Ala., by J. B. Ardoyno, to the order of Banco Nacional de Nicaragua, Inc., under and in compliance with the terms of a letter of credit given by…