Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

JEBARA v. IMPERIAL OTTOMAN BANK.

(1926) 26 Ll.L.Rep. 20

KING'S BENCH DIVISION.

Before Mr. Justice Rowlatt.

Banking-Sale of goods-Goods purchased by agent (plaintiff) for principals abroad-Bills of exchange drawn on principals in sterling-Bills and shipping documents handed in to bank in England and sent to foreign branch- Payment by principals to foreign branch of sum in piastres to raise sterling credit in England sufficient to meet bills-Intervention of war- Impossibility of commercial communication -Goods released by bank on payment of piastres-Whether plaintiff entitled to payment in sterling-Agent of necessity.

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