Legal Opinion
Universal Savings Ass'n v. Killeen Savings & Loan Ass'n
Texas Court of Appeals, 1st District (Houston)
Decided August 11, 1988No. 01-87-01051-CVPublishedCited by 4 opinions
1Opinion of the Court
OPINION
JACK SMITH, Justice.
This is an appeal from a summary judgment granted to appellee, Killeen Savings & Loan Association (Killeen) against appellant, Universal Savings Association (Universal) for the wrongful dishonor of a draft drawn on an irrevocable letter of credit issued by Universal. Universal also appeals the denial of its motion for summary judgment.
Universal’s letter of credit was issued as part of a loan agreement whereby Killeen agreed to loan $6,680,000 to 25 Acre Airport Freeway Joint Venture (“Venture”) for the purchase and development (development referring to the…
2Cases cited14 opinions
- Nixon v. Mr. Property Management Co.Texas Supreme Court · 1985
- City of Houston v. Clear Creek Basin AuthorityTexas Supreme Court · 1979
- Swilley v. HughesTexas Supreme Court · 1972
- Republic National Bank of Dallas v. Northwest National Bank of Fort WorthTexas Supreme Court · 1979
- Westwind Exploration, Inc. v. Homestate Savings Ass'nTexas Supreme Court · 1985
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3Cited by4 opinions
- Maranatha Temple, Inc. v. Enterprise Products Company, Texas Court of Appeals, 1st District (Houston)1995
- SMB Partners, Ltd. v. Osloub, Texas Court of Appeals, 1st District (Houston)1999
- Westbrook Construction Co. v. Fidelity National Bank of Dallas, Texas Court of Appeals, 2nd District (Fort Worth)1991
- Vest v. Pilot Point National BankCourt of Appeals of Texas · 1999