Opinion ID: 1426976
Heading Depth: 2
Heading Rank: 2

Heading: uba's breach of contract

Text: UBA argues in its cross-appeal that the trial court erred in finding that UBA through its loan officer Jerry Sutton, notified [NAR-PC] on or about June 3, 1978, that [UBA] would not honor its previously issued $100,000 letter of commitment to Air Asia. UBA asserts that the court should not have accepted the testimony of the interested witnesses who testified in support of NAR-PC over the testimony of a disinterested witness. It is the job of the trial court, not the appellate court, to judge the credibility of the witnesses and to weigh conflicting evidence. Penn v. Ivey, 615 P.2d 1, 3 (Alaska 1980). The appellate court's task is to examine the record to insure that there is evidence supporting the trial court's decision. We will intervene only when convinced that the court's findings of fact are clearly erroneous. Alaska Far East Corp. v. Newby, 630 P.2d 533 (Alaska 1981). Having reviewed the record, we cannot conclude that the trial court's finding of breach was clearly erroneous in the case at bar. Testimony by Risley, Sutton, Jenner, and Erskine, as well as a written memo by Sutton to UBA's S-2 loan file, support the trial court's finding that UBA did in fact breach the loan agreement by refusing to disburse funds under the $100,000 letter of credit. We therefore affirm the trial court's finding of breach by UBA. [1]