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Court of Appeal Wellington
15, 31 August 1973
McCarthy P, Richmond and Beattie JJ
15, 31 August 1973
McCarthy P, Richmond and Beattie JJ
Guarantee and indemnity — Liability of surety — Guarantee to pay for goods "which are purchased" did not cover prior purchases — Creditor's right to appropriate payments by debtor — Surety liable for interest charged on overdue accounts.
Money and moneylending — Moneylending — Company charging interest at one percent per month on overdue trading accounts for goods supplied not a moneylender — Moneylenders Act 1908, s 2.