11 Jan 2008
COWEALTH MEDICAL SCIENCE & BIOTECHNOLOGY INC v. WORLD CAPITAL PACIFIC LTD
- Citation
- COWEALTH MEDICAL SCIENCE & BIOTECHNOLOGY INC v. WORLD CAPITAL PACIFIC LTD
- Court
- Court of First Instance
- Case number
- HCA1122/2006
The appeal was dismissed because the evidence established that the First Four and Last Three Units were shipped and documented properly, delays were not attributable to the plaintiff, the documentary credit regime is independent and did not excuse defendant's payment obligations, the defendant had agreed in writing to pay the discount interest, and alleged oral variations were inadmissible and lacked consideration; therefore the defendant remained liable for the outstanding sums.