Legal Opinion
Johnston v. State Bank
Supreme Court of Iowa
Decided February 25, 1972No. 54752PublishedCited by 12 opinions
1Opinion of the Court
UHLENHOPP, Justice.
This appeal turns on whether a letter from a bank, notifying a contractor that the bank had made a loan commitment to certain customers, constituted a “letter of credit.”
Mr. and Mrs. Dale G. Trier desired to build a house in Fort Dodge, Iowa. They saw some plans in a magazine for a two-story house. They talked with Beryle L. Johnston, an experienced contractor. He obtained the house plans from the magazine. The plans showed that the ground floor of the house contained 864 square feet.
Triers selected a lot in a housing development and relied on Johnston to comply with…
2Cases cited13 opinions
- Maurice O'Meara Co. v. National Park BankNew York Court of Appeals · 1925
- Border Nat. Bank v. American Nat. BankCourt of Appeals for the Fifth Circuit · 1922
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Smith v. HuberSupreme Court of Iowa · 1938
- Second Nat. Bank of Toledo v. M. Samuel & Sons, Inc.Court of Appeals for the Second Circuit · 1926
8 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Holden v. Construction MacHinery CompanySupreme Court of Iowa · 1972
- Khabbaz v. SwartzSupreme Court of Iowa · 1982
- DeWall v. PrenticeSupreme Court of Iowa · 1974
- First National Bank of Council Bluffs v. Rosebud Housing AuthoritySupreme Court of Iowa · 1980
- Gold Crown Properties, Inc. v. Iowa District Court for Pottawattamie CountySupreme Court of Iowa · 1985
7 more not listed; retrieve them via the Exa API.