ABSTRACT
The corollary of this is that banks assume no liability or responsibility for (i) the form, sufficiency, accuracy, genuineness, falsification or legal effect of any document or (ii) the description, quantity, weight, quality, condition, packing, delivery, value or existence of the goods represented by any document or (iii) the good faith, acts or omissions, solvency or performance of any other party associated with the transaction.2 As Lord Goff said in Westpac Banking Corporation v South Carolina National Bank.3
