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Lloyd's Law Reports

BANK OF INDIA v. TRANS CONTINENTAL COMMODITY MERCHANTS LTD. AND JASHBAI NAGJIBHAI PATEL

[1983] 2 Lloyd's Rep. 298

COURT OF APPEAL

Before Lord Justice Stephenson, Lord Justice O'Connor and Lord Justice Robert Goff

Banking - Foreign exchange transactions - 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.

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