Churchill and Sim v Goddard     Agency – Del credere agent – Buyer’s acceptance for price of goods – Rejection of goods –
Right to sue upon bill of exchange.
The appellants acting as del credere agents on behalf of a firm of timber exporters in Finland
sold a cargo of timber to the respondent. Thereupon the appellants, in accordance with the
contract of agency, paid the exporters the price of the timber, less their commission. In
accordance with the contract of sale the respondent accepted two bills of exchange drawn by
the appellants for the price of the timber. Subsequently the respondent rightfully rejected the
timber. On presentation of the bills of exchange the respondent dishonoured his acceptances
and the appellants then brought this action to recover upon the bills of exchange:—