Failure by one guarantor to sign a guarantee meant it was unenforceable against all

Download document:

Failure by one guarantor to sign a guarantee meant it was unenforceable against all - .PDF file.

Despite extensive protective language, because one individual failed to sign a guarantee properly, it was void against the other individuals who did sign.

The guarantee language did not explicitly refer to an executing party being bound even if another party who was supposed to execute the guarantee but did not and consequently, the guarantee could not be relied upon.

Mr Harvey and three other individuals guaranteed the obligations of a company to its bank, Dunbar Asset Plc by entering into a personal guarantee…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.