Garnac Grain Co Inc v H M F Faure & Fairclough and Bunge Corporation
[1967] 2 All ER 353(Judgment by: Lord Wilberforce)
Between: Garnac Grain Co Inc
And: H M F Faure & Fairclough and Bunge Corporation
Judges:
Lord Reid
Lord Morris of Borth-y-Gest
Lord Pearce
Lord WilberforceLord Pearson
Subject References:
Agent
Creation of agency
Agency for entering into contract
Circle of contracts made on same day whereby A sold goods and subsequently re-bought the goods from another purchaser further down the chain of buyers
Transactions designed by A for financial reasons
Written contracts enforceable according to their tenor
Whether buyer who re-sold to A acted in his purchase from a previous buyer as agent for A as undisclosed principal
Contracts genuine, not shams
Contract
Breach
Damages
Date at which damages assessed
Sale of goods cif
Election by buyers to accept seller's repudiation on 24 January
Failure of sellers, if contract had continued, to send shipping documents, which would have reached buyers on 4 February
Damages, difference between value and contract price, assessed at 4 February
Contract
Repudiation
Election whether to accept repudiation
Write issued claiming declaration that contract valid and claiming damages for its breach
Writ not served
Whether election to accept repudiation
Case References:
Frost v Knight - [1861-73] All ER Rep 221; (1872), LR 7 Exch 111; 41 LJEx 78; 26 LT 77; 17 Digest (Repl) 108, 224
Heyman v Darwins Ltd - [1942] 1 All ER 337; [1942] AC 356; 111 LJKB 241; 166 LT 306; 2 Digest (Repl) 492, 435
Hochster v De la Tour - [1843-60] All ER Rep 12; (1853), 2 E & B 678; 22 LJQB 455; 22 LTOS 171; 118 ER 922; 17 Digest (Repl) 103, 174
Lamb (W T) & Sons v Goring Brick Co Ltd - [1931] All ER Rep 314; [1932] 1 KB 710; 101 LJKB 214; 146 LT 318; 39 Digest (Repl) 643, 1513
Megevand, Re, Ex p Delhasse - (1878) 7 ChD 511; 47 LJBcy 65; 38 LT 106; 36 Digest (Repl) 444, 151
Melachrino v Nicholl and Knight - [1918-19] All ER Rep 857; [1920] 1 KB 693; 89 LJKB 906; 122 LT 545; 17 Digest (Repl) 110, 242
Nash v Dix - (1898) 78 LT 445; 35 Digest (Repl) 50, 452
Pole v Leask - (1860), 28 Beav 562; [1861-73] All ER Rep 535, on appeal, HL; (1863), 33 LJCh 155; 8 LT 645; 1 Digest (Repl) 310, 1
Rabone v Williams - (1785) 7 Term Rep 360, n; 101 ER 1020; 1 Digest (Repl) 666, 2333
Roper v Johnson - (1873) LR 8 CP 167; 42 LJCP 65; 28 LT 296; 17 Digest (Repl) 110, 238
Judgment date: 26 April 1967