Board of Trade of San Francisco v. Swiss Credit Bank

597 F.2d 146 25 UCC Rep.Serv. 1132 BOARD OF TRADE OF SAN FRANCISCO, a corporation, as Assignee for the benefit of creditors of Antex Industries, Inc., a California Corporation, Plaintiff- Appellee, Electronic Arrays, Inc., a California Corporation, Plaintiff in Intervention-Appellee, v. SWISS CREDIT BANK, an alien corporation, Defendant-Appellant. No. 76-1895. United States Court of Appeals, Ninth Circuit. Jan. 11, 1979. Donald G. Parachini (argued), Cerf, Robinson & Leland, San Francisco, Cal., for defendant-appellant. James H. Pooley (argued), of Wilson, Mosher & Sonsini, Palo Alto, Cal., for plaintiff-appellee. Appeal from the United States District Court for the Northern District of California. Before WRIGHT, KENNEDY and TANG, Circuit Judges. KENNEDY, Circuit Judge: 1 Swiss Credit Bank (Bank), the defendant below, appeals from the entry of summary judgment against it in the amount of $136,000 for the alleged wrongful dishonor of its documentary letter of credit. The Bank argues that material issues of fact are presented by the case. We agree. 2 Antex Industries, Inc. (Antex), a California corporation, contracted to sell certain components for electronic calculators to…