Legal Opinion
Klaus P. Schmueser and Ursula v. Schmueser, Cross-Appellees v. The Burkburnett Bank, Cross-Appellant
Court of Appeals for the Fifth Circuit
Decided August 9, 1991No. 90-1795PublishedCited by 24 opinions
1Opinion of the Court
SHAW, Chief District Judge:
OPINION
In 1985, Klaus P. Schmueser and Ursula V. Schmueser (“the Sehmuesers”) entered into a contract to sell their home to Clayton and Loretta Graef (“the Graefs”). Pursu ant to the contract, the Graefs executed a monthly installment note payable to the Schmuesers and furnished a one-year $20,-000 irrevocable letter of credit as security against default. The letter of credit was issued by the Burkburnett Bank (“the Bank”) on July 29, 1985.
Following Mr. Graefs death in December of 1985, Mr. Schmueser informed the Bank on several occasions that Mrs. Graef had failed…
2Cases cited21 opinions
- Nixon v. Mr. Property Management Co.Texas Supreme Court · 1985
- The Boeing Company v. Daniel C. ShipmanCourt of Appeals for the Fifth Circuit · 1969
- Riverside National Bank v. LewisTexas Supreme Court · 1980
- Miller Brewing Company v. Fort Worth Distributing Co., Inc.Court of Appeals for the Fifth Circuit · 1986
- Van Zandt v. Fort Worth PressTexas Supreme Court · 1962
16 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Aetna Cas. and Sur. Co. v. BerryMississippi Supreme Court · 1996
- Porn v. National Grange Mutual InsuranceCourt of Appeals for the First Circuit · 1996
- Clardy Manufacturing Co. v. Marine Midland Business Loans Inc.Court of Appeals for the Fifth Circuit · 1996
- Max Alexander Soffar v. Doug Dretke, Director, Texas Department of Criminal Justice, Institutional DivisionCourt of Appeals for the Fifth Circuit · 2004
- Juan Jaime Medina v. Immigration and Naturalization ServiceCourt of Appeals for the Fifth Circuit · 1993
19 more not listed; retrieve them via the Exa API.