O'MEARA v. Pritchett

*331JOSEPH, C. J.

Plaintiff appeals a judgment granting defendant United States National Bank’s (USNB) motion for a directed verdict. We affirm.

The parties do not dispute what happened. Plaintiff and Pritchett1 entered into an agreement to import and market satellite antennas from Mexico. Two corporations were also involved: ISM would import and ISS would market the antennas. Plaintiff and Pritchett agreed that plaintiff would pledge $30,000 cash as collateral to secure a letter of credit to be issued by USNB to ISM for payment for the initial shipment of antennas. On September 13, 1984, they went…