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Court of Appeal Wellington
30 July; 5 September 1990
Somers, Casey and Hardie Boys JJ
30 July; 5 September 1990
Somers, Casey and Hardie Boys JJ
Company law — Debentures — Guarantee — Obligation of the creditor to preserve for a guarantor a security given by the principle debtor — Continuing liability of guarantor after settlement between creditor debtor in receivership.