Principle

COMMERCIAL LAW — Bank Drafts — Condition Precedent — Presentation in Breach of Condition — Right to Stop Payment

Area of law: COMMERCIAL LAW
Court: Supreme Court

A bank may stop payment on a draft if conditions are not met. The principle applies to banking law. The bank has a right to protect itself from fraud. The rule protects the bank's interests. The customer must comply with conditions. The principle is well-established.

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