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COURTAULDS NO. AM., INC. v. NORTH CAROLINA NAT. BANK

No. C-339-G-73.

387 F.Supp. 92 (1975)

COURTAULDS NORTH AMERICA, INC., Plaintiff, v. NORTH CAROLINA NATIONAL BANK, a National Banking Association, Defendant.

United States District Court, M. D. North Carolina, Greensboro Division.

January 7, 1975.

Attorney(s) appearing for the Case

Welch Jordan and Lindsay R. Davis, Jr., of Jordan, Wright, Nichols, Caffrey & Hill, Greensboro, N. C., for plaintiff.

E. Osborne Ayscue, Jr., Robert B. Cordle, Charlotte, N. C., for defendant.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

HIRAM H. WARD, District Judge.

This action came on for hearing before the Court on August 23, 1974, on cross motions by the parties for summary judgment. The plaintiff, Courtaulds North America, Inc., (Courtaulds), is seeking damages in the amount of $67,346.77, plus interest, from the defendant, North Carolina National Bank (NCNB) for the defendant's failure to honor an irrevocable letter of credit issued by the defendant...

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