Read the full judgment text of HCA 019061/1998 on BabelCite. This High Court CFI judgment was delivered on 29 July 1999.
1. This is an application by a bank for summary judgment for the amount (USD794,944.27) of a draft supplied by the bank at the request of the defendant in favour of the third party, and duly honoured by the bank. The bank originally accepted instructions from the defendant not to honour the draft but subsequently accepted that it was bound to do so. In my judgment the bank was right to do so.