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TITLE | Supreme Court Full Bench Decision 99Da49750 delivered on February 21, 2002 [full Text] |
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Summary | |
Where the applicant of the documentary letter of credit accepts transport documents from the opening bank and does not notify the bank of a defect therein within a reasonable time, whether on the basis of such defect the applicant may subsequently refuse to return the letter of credit payment to the opening bank (affirmative) |