Baytown State Bank v. Don McMillian Leasing Co.

J. CURTISS BROWN, Chief Justice.

This is an appeal from a summary judgment for repudiation of a contract.

Don McMillian Leasing Company, appel-lee, entered into three equipment leasing agreements with International Computer Credit & Recovery, Inc. The financing arrangements provided that Baytown State Bank, appellant, would honor drafts presented by Don McMillian drawn upon International’s account up to thirty-six months. The bank also released its security interest in the equipment leased to International upon Don McMillian’s payment of certain sums.

In July, August, and September of 1975, Don…