Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

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

(1926) 24 Ll.L.Rep. 261

KING'S BENCH DIVISION.

Before Mr. Justice Bateson, sitting as an additional Judge.

Banking-Confirmed credit granted at defendants' (buyers') request-Claim by 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 channel selected by defendants - Decoding of cable message - Code word denoting singular or plural - Ambiguity - Meaning of "Chamber of Commerce" - Judgment for bank.

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