Read the full judgment text of HCA 001222/2004 on BabelCite. This High Court CFI judgment was delivered on 29 September 2005.
1. In this action, the plaintiff bank sues the defendant, a customer, for money due on five letter of credit transactions. The bank has issued five letters of credit on the defendant’s application and has paid the sums due on them. The defendant has not made full payment to the bank. The bank is now claiming US$252,065.28 as principal and US$27,830.89 as interest accrued up to 31 December 2004. This is an application for summary judgment by the plaintiff.
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