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OFFSHORE TRADING CO. v. CITIZENS NAT. BANK

Civ. A. No. 85-2115-0.

650 F.Supp. 1487 (1987)

OFFSHORE TRADING COMPANY, INC., Plaintiff, v. CITIZENS NATIONAL BANK OF FORT SCOTT, KANSAS, et al., Defendants.

United States District Court, D. Kansas.

January 7, 1987.

Attorney(s) appearing for the Case

William W. Hutton, Gate & Hutton, Kansas City, Kan., for plaintiff.

David Mullies, Hudson, Mullies, Hudson & Hudson, Fort Scott, Kan., John C. Noonan, David E. Everson, Jr., Stinson, Mag & Fizzell, David W. Russell, Kansas City, Mo., Carl Cornwell, Kansas City, Kan., for defendants.

James C. Holway, pro se.

MEMORANDUM AND ORDER

EARL E. O'CONNOR, Chief Judge.

This action arose out of an Irrevocable Standby Letter of Credit No. 147 issued by the defendant, Citizens National Bank [hereinafter the Bank]. The credit was issued to the plaintiff on February 11, 1985, at the request of First Guaranty of South Jersey ["First Guaranty"]. The letter of credit was issued in compliance with a contract TWCC-001 between the defendant, Third World Capital Corporation ["Third...

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