16 Jul 2015
ASK RE LTD v. GRAIN MINERAL RESOURCES PTE LTD
- Citation
- ASK RE LTD v. GRAIN MINERAL RESOURCES PTE LTD
- Court
- Court of First Instance
- Case number
- HCA278/2012
The court held that the L/C terms were agreed and binding; the Seller failed to deliver the required original certificates and knowingly submitted documents to the bank that falsely represented dispatch of those originals, thereby breaching an implied term and committing fraud; either breach was repudiatory and the Buyer validly accepted the Seller's repudiation, entitling the Buyer to damages of US$47,422.37.