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Guarantors’ liability - Court of Appeal confirms position - 21st Mar 2014

Guarantors’ liability - Court of Appeal confirms position

The Court of Appeal decision once again confirms the common law position that a guarantor can be released from liability where a contract is altered without its consent, if the alteration is either not insubstantial or could be prejudicial to the guarantor. The decision also provided clarification on the meaning of forbearance, a common word in guarantee provisions.

Read the decision here

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