WOODHOUSE A.C. ISRAEL COCOA LTD. S.A. AND A.C. ISRAEL COCOA INC. v. NIGERIAN PRODUCE MARKETING COMPANY LTD.
[1970] 1 Lloyd's Rep. 295
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Roskill
Sale of goods-Devaluation-Sale of cocoa by Nigerian suppliers to London traders- Payment to be made in Nigerian £-Offer by sellers to accept "payment in pounds sterling" accepted by buyers-Devaluation of £ sterling -Whether loss borne by sellers or buyers- Whether sellers estopped on correspondence.
Estoppel - Correspondence - Principles to be applied by Court.