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SHAFFER v. BROOKLYN PARK GARDEN APTS.

No. 45704.

250 N.W.2d 172 (1977)

Byron G. SHAFFER, et al., Appellants, v. BROOKLYN PARK GARDEN APARTMENTS, et al., Respondents, Wayzata Bank & Trust Company, Respondent.

Supreme Court of Minnesota.

January 14, 1977.

Attorney(s) appearing for the Case

Wurst, Bundlie, Carroll & Crouch and Gerald T. Carroll, Minneapolis, for appellants.

Bruce Douglas, Korengold, Jaycox, Nelson, Johnson & Gubbe, Robert G. Gubbe and Jack S. Jaycox, Minneapolis, for respondent Wayzata Bank & Trust Company.

Wangensteen & Associates, William K. Wangensteen and Theodore Wangensteen, Jr., Wayzata, for other respondents.

Heard before TODD, MacLAUGHLIN, and YETKA, JJ., and considered and decided by the court en banc.

MacLAUGHLIN, Justice.

Plaintiffs, Byron G. Shaffer and Donald A. Severson, appeal from an order of the district court dissolving two temporary restraining orders and denying preliminary injunctions to prevent payment of drafts drawn under two irrevocable letters of credit1 issued by the First National Bank of Minneapolis (First National). We reverse and remand with the instruction that the trial...

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