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INTRAWORLD IND., INC. v. GIRARD TRUST BK.

461 Pa. 343 (1975)

336 A.2d 316

INTRAWORLD INDUSTRIES, INC., and Vacanze in Paradiso Hotels, S.A., Appellants, v. GIRARD TRUST BANK and Paulette Cymbalista.

Supreme Court of Pennsylvania.

Decided April 17, 1975.

Attorney(s) appearing for the Case

Judah I. Labovitz, Philadelphia, for appellants; Wolf, Block, Schorr & Solis-Cohen, Philadelphia, of counsel.

Gregory M. Harvey, Philadelphia, for appellee Paulette Cymbalista; Morgan, Lewis & Bockius, Philadelphia, of counsel.

James Eiseman, Jr., Drinker, Biddle & Reath, Philadelphia, for appellee, Girard Bank.

Before EAGEN, O'BRIEN, ROBERTS, POMEROY, NIX and MANDERINO, JJ.

OPINION OF THE COURT

ROBERTS, Justice.

This appeal requires us to review the trial court's denial of a preliminary injunction to restrain honor of a draft under an international letter of credit. A precise statement of the facts, which are complex, is necessary for a proper understanding.

On February 11, 1972, a lease was executed by Intraworld Industries, Inc., a corporation1 headquartered in Wilkes-Barre, Pennsylvania...

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