Legal Opinion
Sherwood & Roberts, Inc. v. First Security Bank
Montana Supreme Court
Decided May 7, 1984No. 83-263PublishedCited by 4 opinions
1Opinion of the CourtJustice Sheehy
The principle issue we determine in this case is that an *404instrument issued by a bank entitled “letter of credit,” and containing language that it is a letter of credit must be enforced as a letter of credit, and not as an instrument of conditional guaranty.
First Security Bank of Missoula appeals from a summary judgment against it entered by the District Court, Fourth Judicial District, Missoula County, holding that the Bank was liable according to the terms of a letter of credit issued in favor of Sherwood & Roberts, Inc.
Third party defendants, Prospect Associates, Inc., have appealed from an…
2Cases cited6 opinions
- Curtiss-Wright Corp. v. General Electric Co.Supreme Court of the United States · 1980
- Republic National Bank of Dallas v. Northwest National Bank of Fort WorthTexas Supreme Court · 1979
- Boise Cascade v. First SEC. Bank of AnacondaMontana Supreme Court · 1979
- Atlantic Coast Line R. v. United States Fidelity & Guaranty Co.District Court, M.D. Georgia · 1943
- The Wichita Eagle and Beacon Publishing Company, Inc. v. Pacific National Bank of San Francisco, the Wichita Eagle and Beacon Publishing Company, Inc. v. Pacific National Bank of San FranciscoCourt of Appeals for the Ninth Circuit · 1974
1 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Western Industries, Inc. v. Chicago Mining Corp.Montana Supreme Court · 1996
- Gerling Global Reinsurance Corp. v. First Interstate BankMontana Supreme Court · 1990
- Sherwood & Roberts, Inc. v. First Security BankMontana Supreme Court · 1984
- Skanska USA Civil Southeast Inc. v. UP Community Fund, LLCDistrict Court, W.D. North Carolina · 2020