4 Nov 2011
RD1 LTD V MCKINNON HC AK CIV-2011-404-003499
- Citation
- openlaw-0de38ae8_2941_4a65_b427_4a496391e04f.pdf
- Court
- High Court
The guarantee was not limited by the $2,000 credit limit because the application and annexed terms permitted RD1 to extend credit and expressly preserved the guarantee through variations; clause 3 constituted a waiver of surety rights making the guarantor primarily liable, so Mr McKinnon is liable for the full judgment debt of $30,057.48.