Ocker Records v NAB [2002] NSWCA 105

New South Wales Court of Appeal

CITATION : Ocker Records v NAB [2002] NSWCA 105 FILE NUMBER(S) : CA 40510/01 HEARING DATE(S) : 15 April 2002 JUDGMENT DATE : 15 April 2002

Ocker Records Australia Pty Ltd PARTIES : v National Australia Bank Limited JUDGMENT OF : Handley JA at 1; Stein JA at 29; Davies AJA at 30

LOWER COURT JURISDICTION : District Court LOWER COURT DC 9252/00 FILE NUMBER(S) : LOWER COURT Ainslie-Wallace DCJ JUDICIAL OFFICER :

COUNSEL : Appellant - R W Tregenza Respondent - L S Einstein SOLICITORS : Appellant - Maurice May & Co Respondent - Dibbs Barker Gosling CATCHWORDS : CONTRACT - BILL FACILITY - BILL OF EXCHANGE - WAIVER - CONDITION PRECEDENT CASES CITED: Leotta v Public Transport Commission of New South Wales (1976) 50 ALJR 666 DECISION : Appeal dismissed with costs

IN THE SUPREME COURT OF NEW SOUTH WALES COURT OF APPEAL

40510/01 DC 9252/00 HANDLEY JA STEIN JA DAVIES AJA

Monday 15 April 2002 OCKER RECORDS AUSTRALIA PTY LIMITED v NATIONAL AUSTRALIA BANK LIMITED

CONTRACT – BILL FACILITY – BILL OF EXCHANGE – WAIVER – CONDITION PRECEDENT

The Bank granted the appellant a bill facility for $50,000 for a fixed term, expiring on 28 February 1988. The contract made provision for the plaintiff to access that facility by drawing bills of exchange on the Bank. A bill for $50,000 with a maturity date of 19 August 1987 was drawn on 20 February 1987.