Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

CLEVELAND MANUFACTURING CO. LTD. v. MUSLIM COMMERCIAL BANK LTD.

[1981] 2 Lloyd's Rep. 646

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Robert Goff

Banking - Letter of credit - Forwarding agents prepared documents and sight draft - Agents endorsed draft in blank - Payment made to agents - Agents insolvent - Whether plaintiffs could claim payment under letter of credit.

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