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SOUTH CAROLINA NAT. BANK v. WESTPAC BANKING CORP.

Civ. A. No. 3:86-1688-16.

678 F.Supp. 596 (1987)

SOUTH CAROLINA NATIONAL BANK, Plaintiff, v. WESTPAC BANKING CORPORATION, Defendant.

United States District Court, D. South Carolina, Columbia Division.

November 12, 1987.

Attorney(s) appearing for the Case

Manton M. Grier, Belton T. Zeigler, Boyd Knowlton Tate & Finlay, P.A., Columbia, S.C., for plaintiff.

David W. Robinson, II, Columbia, S.C., for defendant.

ORDER

HENDERSON, District Judge.

This matter comes before the Court on cross motions for summary judgment. For the reasons stated below, the Court grants the defendant's motion and denies the plaintiff's motion. Accordingly, final judgment is entered in favor of the defendant.

The material facts giving rise to this action are not in dispute. On November 21, 1979, South Carolina National Bank ("SCN") issued an irrevocable letter of credit in favor...

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