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Question of commercial risk

By: Language: English Series: Contract Journal ; 357(5008) 14 February 1991, 8(1)Publication details: 1991Subject(s): Summary: Discusses the case of Costain International Ltd v Davy McKee (London) Ltd where the employer was not allowed to restrain the contractor from making a call on the bank under ` Guarantee for retention ` which had been given in lieu of retention under the subcontract .

Discusses the case of Costain International Ltd v Davy McKee (London) Ltd where the employer was not allowed to restrain the contractor from making a call on the bank under ` Guarantee for retention ` which had been given in lieu of retention under the subcontract .