Legal Opinion
NCNB Texas National Bank v. Travelers Indemnity Co.
District Court, N.D. Texas
Decided June 14, 1991No. Civ. A. CA 3-90-0559-GPublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM ORDER
FISH, District Judge.
This case is before the court on the motion for summary judgment of plaintiff NCNB Texas National Bank (“NCNB”). For the following reasons, the motion is granted.
I. Background
To facilitate its $100,000 investment in Longcrier Farms, Inc. (“Longcrier”), Doal Ventures, a Texas partnership (“Doal”), furnished a fully funded letter of credit issued by Forestwood National Bank of Dallas (“Forestwood”) naming Longcrier as beneficiary. Longcrier assigned its rights in the proceeds of the letter of credit to InterFirst Bank Fort Worth, N.A. (“InterFirst”), which…
2Cases cited4 opinions
- Valdina Farms, Inc. v. Brown, Beasley & Associates, Inc., Texas Court of Appeals, 4th District (San Antonio)1987
- Howard Gault Co. v. Texas Rural Legal Aid, Inc.District Court, N.D. Texas · 1985
- Howard Gault Co., Texas Citrus and Vegetable Association, Formerly "Texas Citrus & Vegetable Growers and Shippers, Inc.", Plaintiffs-Counter Cross v. Texas Rural Legal Aid, Inc., Cross-Appellants, Jesus Moya, Defendant-Counter Cross-Appellant. Texas Farm Workers Union, Cross-Appellants, Delia Gamez-Prince, Cross-Appellant v. Joe Brown, (Successor in Office to Travis McPherson Defendants- Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1988
- Cleere v. City of MesquiteCourt of Appeals of Texas · 1980
3Cited by2 opinions
- NCNB Texas Nat. Bank v. Travelers Indem. Co.Court of Appeals for the Fifth Circuit · 1992
- Ncnb Texas National Bank v. The Travelers Indemnity Company, the Travelers Indemnity CompanyCourt of Appeals for the Fifth Circuit · 1992