Legal Opinion
Rose Developments, Inc. v. Pearson Properties, Inc.
Court of Appeals of Arkansas
Decided June 3, 1992No. CA 91-275PublishedCited by 2 opinions
1Opinion of the Court
Melvin Mayfield, Judge.
Rose Developments appeals from the order of the circuit court which permanently enjoined the drawing on, or honor of, a letter of credit, pursuant to Ark. Code Ann. § 4-5-114(2)(b) (Repl. 1991), on the finding that appellant had committed fraud.
On December 6,1988, appellee Pearson contracted with the appellant Rose to provide material and labor in connection with the construction of building “K” in a condominium project known as Solomons Landing Project. The amount of the contract was $458,200.00. In lieu of a performance bond, Pearson delivered an irrevocable letter of…
2Cases cited6 opinions
- Intraworld Industries, Inc. v. Girard Trust BankSupreme Court of Pennsylvania · 1975
- Sztejn v. J. Henry Schroder Banking Corp.New York Supreme Court · 1941
- Roman Ceramics Corp. v. Peoples National BankCourt of Appeals for the Third Circuit · 1983
- Shaffer v. Brooklyn Park Garden ApartmentsSupreme Court of Minnesota · 1977
- Roman Ceramics Corp. v. Peoples National BankDistrict Court, M.D. Pennsylvania · 1981
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Sugarloaf Mining Co. v. Arkansas Department of Pollution Control & EcologySupreme Court of Arkansas · 1992
- Sugarloaf Mining Co. v. Arkansas Department of Pollution Control & EcologySupreme Court of Arkansas · 1992