FDIC v Uribe, Inc.
Oct 30, 2012OUTCOME: Summary judgment in favor of defendant affirmed on appeal
Uribe sued FDIC's predecessor based on an alleged oral agreement to provide a letter of credit. Uribe's claim was dismissed by the trial court. Breck argued to the Court of Appeals that the alleged o ... ral contract failed for lack of consideration and lack of definite material terms. The Court of Appeals agreed.
