Read the full judgment text of HCA 003978/1973 on BabelCite. This High Court CFI judgment.
1. The plaintiff bank agreed to provide the first defendant with overdraft facilities and, in consideration of that agreement, the first defendant on 2nd January 1973, signed an "Undertaking for Repayment of Overdraft". On the same date the second defendant signed a Guarantee in favour of the plaintiffs guaranteeing due performance of the Undertaking by the first defendant and committing himself, in the event of the first defendant's default, to repay to the plaintiffs upon demand such advances,