EQUITABLE TRUST COMPANY OF NEW YORK v. DAWSON PARTNERS, LTD.

(1926) 25 Ll L Rep 90

COURT OF APPEAL.

Before Lord Justice Bankes, Lord Justice Scrutton and Lord Justice Atkin.

Banking-Confirmed credit granted at defendants' (buyers') request-Claim by issuing bank (plaintiffs) for indemnity- Sale of goods-Fraud of third party (seller) in Batavia-Term of credit that there should be a Dutch Government certificate as to quality "to be issued by experts who are sworn brokers, signed by the Chamber of Commerce"- Instructions issued through "correspondent" bank nominated by defendants and adopted by issuing bank- Relationship between customer and "correspondent" bank-Decoding of cable message-Code word denoting singular or plural-Ambiguity-Meaning of "Chamber of Commerce"- Judgment for defendants (buyers).