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High Court Wellington
20 October 1981; 1 March 1982
Prichard J
20 October 1981; 1 March 1982
Prichard J
Company law — Mortgage — Guarantee of mortgage — Scope of security — Validity of execution of mortgage document — Interpretation of mortgage — Whether a mortgage given by the plaintiff company to the bank covered a debt allegedly owing by one of the plaintiff's shareholders under a guarantee given by him in relation to another of the bank's customers — Land Transfer Act 1952, s 161 - Companies Act 1955, s 42.