Guilford Pattern Works, Inc. v. United Bank of Boulder

MEMORANDUM OPINION AND ORDER

KANE, District Judge.

This breach of contract action comes before me on a motion for summary judgment by defendant United Bank of Boulder. Jurisdiction lies in diversity under 28 U.S.C. § 1332(a)(2).

The facts are undisputed between the parties. The only issue presented to me concerns what constitutes compliance with a contract document under Colorado statutory and case law concerning letters of credit. As such, defendant’s motion for summary disposition is appropriate.

On January 8, 1985, plaintiff Guilford Pattern Works, an Illinois corporation, was issued a Standby…