Perar BV v General Surety & Guarantee Co Ltd
Perar BV v General Surety & Guarantee Co Ltd
- 1994
- Construction Industry Law Letter 1994 CILL 935-937(3) .
CA 22 April 1994. Conditional performance bond not triggered by insolvency, insolvent contractor not in default, insolvency is not an anticipatory breach entitling call and Northwood v Aegon not followed.
CONDITIONAL BONDS
Insolvency
JCT 1981
NORTHWOOD DEVELOPMENT V AEGON INSURANCE CO (UK) LTD
TRAFALGAR HOUSE V GENERAL SURETY
CA 22 April 1994. Conditional performance bond not triggered by insolvency, insolvent contractor not in default, insolvency is not an anticipatory breach entitling call and Northwood v Aegon not followed.
CONDITIONAL BONDS
Insolvency
JCT 1981
NORTHWOOD DEVELOPMENT V AEGON INSURANCE CO (UK) LTD
TRAFALGAR HOUSE V GENERAL SURETY