HEISLER v. ANGLO-DAL, LTD.

[1954] 2 Lloyd's Rep. 5

COURT OF APPEAL.

Before Lord Justice Somervell, Lord Justice Birkett and Lord Justice Romer.

Contract-Sale of goods-Repudiation by buyers -Buyers to open letter of credit-Sellers to provide guarantee upon receiving bankers' confirmation (préavis) that credit would be opened-Waiver-Meaning of "guarantee" -Whether personal guarantee sufficient. Contract - Payment to be made in foreign currency - Whether obligation can be fulfilled by payment of equivalent in sterling-Prima facie rule - Effect of Exchange Control provisions.