Read the full judgment text of CACV 000037/1983 on BabelCite. This Court of Appeal judgment was delivered on 22 August 1981.
1. The Appellant (to whom, for convenience, I will refer as "the 2nd Defendant") guaranteed up to a limit of $11,400,000.00 the payment by the 1st Defendant of the instalments of the purchase price under a contract of purchase and sale between the 1st Defendant and the Plaintiff. The issue is whether in the events which have happened the Appellant is clearly still liable under the guarantee.