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Lloyd's Law Reports

ASTILLEROS ESPANOLES S.A. AND BANCO EXTERIOR DE ESPANA S.A. v. BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION

[1993] 2 Lloyd's Rep. 521

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hobhouse

Banking - Letter of guarantee - Construction - Shipbuilding contract - Default in payment of instalments - Defendants made payments - Whether payments discharged defendant’s liability under guarantee.

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