InterFirst Bank Greenspoint v. First Federal Savings & Loan Ass'n

The opinion of the court was delivered by

Miller, J.:

This is an appeal by First Federal Savings & Loan Association of Beloit (First Federal) from a summary judgment granted against it and in favor of InterFirst Bank Greenspoint, of Houston, Texas, (InterFirst) based upon First Federal’s dishonor of its letters of credit, and also from a summary judgment entered in favor of InterFirst on First Federal’s counterclaim alleging impairment of collateral. This case comes before us by transfer from the Court of Appeals. First Federal contends that the motion for summary judgment was not timely…