The Bank refused to pay on letters of credit. They had required production of an original life policy, and been shown the original and a copy. The difficulties in distinguishing the two were not great, and did not justify the refusal. The contract in any event allowed for a copy to be produced and relied upon.
Citations:
Gazette 23-Jun-1999, [1999] All ER (D) 431, [1999] EWCA Civ 1489
Jurisdiction:
England and Wales
Banking
Updated: 12 April 2022; Ref: scu.146404