Manifest disadvantage
Language: English Series: Estates Gazette Case Summaries ; [1996] EGCS 62(1) (13/04/96)Publication details: 1996Subject(s): Summary: "Barclays bank plc v Sumner and another" ChD 29 March 1996. S each held half of the shares in a company of which they were sole directors. Approached B for assistance in expanding the activities of the company into property development. S`s house was sold and another home was purchased with a mortgage loan from B and an advance to purchase and develop a plot of land. B continued to finance further developments. In 1993 B made a formal demand on the company for £337,240.75. The bank`s security had been an unlimited guarantee signed by both defendants. Mrs S was given leave to defend guarantee claim. Judgment for the bank.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | W13171 (Browse shelf(Opens below)) | 1 | Available | 56913-1001 |
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"Barclays bank plc v Sumner and another" ChD 29 March 1996. S each held half of the shares in a company of which they were sole directors. Approached B for assistance in expanding the activities of the company into property development. S`s house was sold and another home was purchased with a mortgage loan from B and an advance to purchase and develop a plot of land. B continued to finance further developments. In 1993 B made a formal demand on the company for £337,240.75. The bank`s security had been an unlimited guarantee signed by both defendants. Mrs S was given leave to defend guarantee claim. Judgment for the bank.