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

(1927) 27 Ll.L.Rep. 49

HOUSE OF LORDS.

Before the Lord Chancellor (Viscount Cave), Viscount Sumner, Lord Atkinson , Lord Shaw and Lord Carson.

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 defendants and "correspondent" bank - Decoding of cable message - Code word denoting singular or plural-Ambiguity-Meaning of "Chamber of Commerce" - Judgment for defendants (buyers).