BANK OF INDIA v. TRANS CONTINENTAL COMMODITY MERCHANTS LTD. AND JASHBAI NAGJIBHAI PATEL
[1982] 1 Lloyd's Rep. 506
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Bingham
Banking - Foreign exchange contracts - Guarantee - Bank agreed to buy and sell foreign exchange for company - Performance of contracts guaranteed by guarantor - Company defaulted - Whether bank could claim under guarantee.