Westwind Exploration, Inc. v. Homestate Savings Ass'n

RAY, Justice.

We must decide whether Homestate Savings Association wrongfully dishonored the letter of credit presented by Westwind Exploration, Inc. The trial court, based on jury findings, rendered judgment in favor of Westwind for $124,000 plus interest and attorney’s fees, holding that Homestate wrongfully dishonored the letter of credit. The court of appeals, with one justice dissenting, reversed the judgment of the trial court and rendered judgment that West-wind take nothing from Homestate. 684 S.W.2d 788. We affirm the judgment of the court of appeals.

In 1982, Westwind was selling…