Datapoint Corp. v. M & I BANK OF HILLDALE

CRABB, Chief Judge.

This civil action for money damages is before the court on plaintiff’s motion for summary judgment. Plaintiff contends that defendant breached the terms of a contract by refusing to honor drafts drawn by plaintiff on a letter of credit issued by defendant.

For the purpose only of deciding the motion, I find from the parties’ proposed findings of fact that there is no genuine issue with respect to the following material facts.

FACTS

Plaintiff is a corporation organized under the laws of the State of Delaware, having its principal place of business in Texas. Defendant is a…