Perrott v Newton King Limited - [1933] NZLR 1131

Principal and Surety — Bankruptcy — Guarantee to pay Interest in arrear or unpaid by Mortgagor on the Principal Sum of a Mortgage "while any money remains owing on the security of the memorandum of mortgage" — "Owing" — Bankruptcy and Discharge in Bankruptcy of Mortgagor and Sale of Mortgaged Premises by prior Mortgagees — Effect on Surety's Liability — Bankruptcy Act, 1908, ss 53, 98, 102 (11), 132, 134 — Land Transfer Act, 1915, s 115.