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NCNB TEXAS NAT. BANK v. TRAVELERS INDEM. CO.

Civ. A. No. CA 3-90-0559-G.

770 F.Supp. 330 (1991)

NCNB TEXAS NATIONAL BANK, Plaintiff, v. The TRAVELERS INDEMNITY COMPANY and the Doal Ventures, a Texas Partnership, Defendants.

United States District Court, N.D. Texas, Dallas Division.

June 14, 1991.

Attorney(s) appearing for the Case

Patrick Olin Strauss, William Alan Wright, Haynes & Boone, Dallas, Tex., for plaintiff.

James L Deem, Godwin Carlton & Maxwell, Dallas, Tex., Kenneth Paul Gudgen, Gandy Michener Swindle Whitaker & Pratt, Fort Worth, Tex., for Travelers Indem. Co.

Marc Keri Greenberg, Law Office of George S. Henry, Dallas, Tex., for The Doal Ventures.

Helmut Wolff, pro se.

MEMORANDUM ORDER

FISH, District Judge.

This case is before the court on the motion for summary judgment of plaintiff NCNB Texas National Bank ("NCNB"). For the following reasons, the motion is granted.

I. Background

To facilitate its $100,000 investment in Longcrier Farms, Inc. ("Longcrier"), Doal Ventures, a Texas partnership ("Doal"), furnished a fully funded letter of credit issued by Forestwood National Bank of Dallas ("Forestwood...

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