27 Mar 1990
GUANGDONG FINANCE CO LTD v. RANCO SERVICES LTD AND ANOTHER
- Citation
- GUANGDONG FINANCE CO LTD v. RANCO SERVICES LTD AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV164/1989
The guarantee's operative wording limited liability to sums owing as a result of making or continuing advances or providing banking facilities; a true hire-purchase transaction did not amount to such advances or banking facilities, so the finance company failed to prove the guarantee extended to the hire-purchase obligations and the surety was not bound beyond the precise terms of the guarantee.