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State Courts -
Alabama - January 6 - January 10, 2006
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Cont'l Cas. Co. v. SouthTrust Bank, N.A., 1041136,
SUPREME COURT OF ALABAMA, January 6, 2006, Released
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Overview: Trial court erred in enjoining a bank from honoring a letter of credit issued to an insurer, as the sight draft offered by the insurer to draw on the letter of credit was proper, as the insurer was clearly the beneficiary, and was not required to include its address in the sight draft, so the draft complied with Ala. Code ? 7-5-108.
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