Opinion ID: 1250307
Heading Depth: 1
Heading Rank: 8

Heading: Whether the Recovery Can Exceed the Face Amount of the Letter of Credit.

Text: Bank complains that the recovery, with prejudgment interest, was more than the face amount of the letter of credit. In its brief, Bank's counsel agreed that prejudgment interest was appropriate up to the amount of the payment bond or letter of credit in lieu thereof, assuming they did not prevail on the other issues. This issue was never presented to the trial court. We will not consider matters not properly raised before. Mayrose v. Fendrich, 347 N.W.2d 585 (S.D.1984); Weaver v. Boortz, 301 N.W.2d 673 (S.D. 1981); Stauffacher v. Brother, 67 S.D. 314, 292 N.W. 432 (1940). Affirmed. WUEST, C.J., and MORGAN, J., concur. SABERS, J., concurs in part and concurs in result. HENDERSON, J., disqualified.