Court of Appeals for the Seventh Circuit December 16, 1988, 88-1286, 88-1324 (Transparent Products Corporation, Plaintiff-Appellant/cross-Appellee v. Paysaver Credit Union, Defendant-Appellee/cross-Appellant)

EASTERBROOK, Circuit Judge.

Uncertain of the difference between a line of credit and a letter of credit, the president of Paysaver Credit Union signed this document on the Credit Union’s letterhead:

Transparent Products Corporation

Bensenville, IL.