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Cite as: [1731] Mor 8222

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[1731] Mor 8222      
Subject_1 LETTER OF CREDIT.

Earl of Dundonald
 v.
Watson

 Date: 30 November 1731
Case No. No 3.

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A party who advances money upon a letter of credit, must duly, as in the case of bills, intimate to the writer of the letter, that he has not got payment of the money advanced upon the faith of the letter, otherwise he is not entitled to recourse. This was in the case of an inland letter of credit. See Appendix.

 Fol. Dic. v. 1. p. 547.

The electronic version of the text was provided by the Scottish Council of Law Reporting     

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URL: http://www.bailii.org/scot/cases/ScotCS/1731/Mor2008222-003.html