Travis Bank & Trust v. State

POWERS, Justice.

Travis Bank & Trust, a banking corporation organized and existing under the laws of the State of Texas, appeals a money judgment entered against it in the State’s suit on, or for wrongful dishonor of, two letters of credit issued by the bank. 1 We will affirm the judgment of the trial court.

The two letters of credit are almost identical in form. The first, entitled “Irrevocable Letter of Credit No. 140,” reads as follows:

We hereby establish our irrevocable letter of credit in favor of the State of Texas for the account of Kelly Michael Corporation doing business as_located…