Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

M. SAMUEL & CO., LTD. v. MORRIS & OTHERS.

(1925) 21 Ll.L.Rep. 215

COURT OF APPEAL.

Before the Master of the Rolls (Sir E. Pollock), Lord Justice Bankes and Lord Justice Sargant.

Contract-Guarantee policies subscribed by defendants - Loans by bankers on security of bills of exchange purporting to have been accepted by purchasers of motor cars on hire-purchase terms- Policies guaranteeing purchasers' bills- Privity of contract between underwriters and bankers-Whether bills sued upon purchasers' bills or accommodation bills-Estoppel.

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