The Weekly Law Reports
[1971] 1 WLR 934
[COURT OF APPEAL]
LEP AIR SERVICES LTD. AND ANOTHER v. ROLLOSWIN INVESTMENTS LTD. AND ANOTHER
[1968 L. No. 1323]
1971 Feb. 9,
10,
11,
12,
15,
16,
17;
March 10
March 10
Davies, Karminski and Megaw L.JJ.
Guarantee
— Debt
— Contract for payment by instalments
— Principal debtor's wrongful repudiation of contract
— Acceptance of repudiation by creditors
— Whether guarantor discharged from liability
— Whether creditors' acceptance of repudiation material variation of guarantee
— Whether guarantor liable for instalments payable after acceptance of repudiation
— Whether joint judgment or several judgments against debtor and guarantor proper