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Guarantee liability under a bond
Practical Law UK Legal Update 8-100-3287 (Approx. 3 pages)
Guarantee liability under a bond
A bond granted to a main contractor, jointly by a sub-contractor and a surety, was held to be a guarantee and consequently the surety could rely on claims of set-off which the sub-contractor, if still solvent, could have pleaded.
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Resource ID 8-100-3287© 2024 Thomson Reuters. All rights reserved.
Published on 01-Aug-1995
Resource Type Legal update: archive
Jurisdictions
Related Content- England
- United Kingdom
- Wales