Appellate Division of the Supreme Court of the State of New York August 10, 1995 (Bank of Seoul v. Norwest Bank Minnesota)

—Order, Supreme Court, New York County (Joan Lobis, J.), entered March 23, 1994, which denied plaintiff's motion and defendant’s cross motion for summary judgment, affirmed, without costs.

On February 12, 1991, defendant Norwest Bank Minnesota, N.A. ("Norwest”) issued an irrevocable letter of credit (the "L/C”) in the amount of $110,040 to Cho Hung Bank, Pusan Branch, Republic of Korea.