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762 F.2d 4 40 UCC Rep.Serv. 1811 Dessaleng BEYENE and Jean M. Hanson, Plaintiffs-Appellants, v. IRVING TRUST COMPANY, Defendant-Appellee. No. 869, Docket 84-7995. United States Court of Appeals, Second Circuit. Argued March 7, 1985. Decided May 1, 1985. William L. Borden, Washington, D.C. (Kirby, Gillick, Schwartz Tuohey, P.C., Washington, D.C., on the brief), for plaintiffs-appellants. Aileen Meyer, New York City (Stephen A. Weiner, Winthrop, Stimson, Putnam Roberts, New York City, on the brief), for defendant-appellee. Before TIMBERS, NEWMAN and KEARSE, Circuit Judges. KEARSE, Circuit Judge: Plaintiffs Dessaleng Beyene and Jean M. Hanson appeal from a final judgment of the United States District Court for the Southern District of New York, Morris E. Lasker, Judge, dismissing their complaint seeking damages for the alleged wrongful refusal of defendant Irving Trust Company (Irving) to honor a letter of credit. The district court granted Irvings motion for summary judgment dismissing the complaint on the ground that, since the bill of lading presented to Irving misspelled the name of the person to whom notice was to be given of the arrival of the goods and thereby failed to comply with the terms of the letter of credit, Irving was under no duty to honor the letter of credit. On appeal, plaintiffs contend, inter alia, that the mere misspelling of a name should not relieve a bank of its duty to honor a letter of credit. We agree with the district court that the misspelling in this case was a material discrepancy that relieved Irving of its duty to pay the letter of credit, and we affirm the judgment. FACTS The material undisputed facts may be stated briefly. In March 1978, Beyene agreed to sell to Mohammed Sofan, a resident of the Yemen Arab Republic (YAR), two prefabricated houses. Sofan attempted to finance the purchase through the use of a letter of credit issued by the Yemen Bank for Reconstruction and Development (YBRD) in favor of Beyene. YBRD designated Irvin