Grunwald v. Wells Fargo Bank, N.A.

Wells Fargo Bank, N.A. (Wells Fargo) appeals from the district court’s grant of summary judgment in favor of Dale Grun-wald and Robert Gallagher (Plaintiffs) in an action seeking payment pursuant to a letter of credit. We reverse and remand.

I. Scope of Review

Summary judgment is appropriate when the pleadings, depositions, answers to interrogatories, and admission on file, together with the affidavits, if any, show that there is no genuine issue as to any material fact and that the moving party is entitled to a judgment as a matter of law. Iowa R. Civ. P. 1.981(3); Wernimont v. Wernimont, 686…