Read the full judgment text of HCA 008626/1982 on BabelCite. This High Court CFI judgment.
1. This claim arises out of similar circumstances to those entertained by me in action 8625, in that the defendant is the same godown company. It differs in that the plaintiff is a different bank. What happened here was that steel, in this case, I think I am right in saying 'mild steel round bars' was purchased from China by Wing Fat Hong through facilities provided by the plaintiff bank, in the form of letters of credit. The bank paid the price and became the holder for value of 5 godown warran