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Privy Council Wellington
10, 11, July; 24 October 1974
Lord Morris of Borth-y-Gest, Lord Wilberforce, Lord Hailsham of Saint Marylebone, Lord Cross of Chelsea and Lord Salmon
10, 11, July; 24 October 1974
Lord Morris of Borth-y-Gest, Lord Wilberforce, Lord Hailsham of Saint Marylebone, Lord Cross of Chelsea and Lord Salmon
Guarantee and indemnity — Liability of surety — Guarantee to pay for goods purchased construed as not covering goods purchased before creation of guarantee — Creditor's right to appropriate payments by debtor unaffected — Surety liable for interest.
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.