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

Lloyd's Law Reports

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.

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