20 Aug 2010
BANK OF NEW ZEALAND V D D MCCALL HC AK CIV-2010-404-001646
- Citation
- openlaw-0bb7a1d2_8bca_4080_a6d7_ea1c0b2b3772.pdf
- Court
- High Court
Bank was entitled as secured creditor to apply sale proceeds in the manner it chose; clause 11.2 of the guarantee preserved the bank's right to deal with securities and therefore the defendant remained liable under his guarantees for the outstanding balance of $345,934.54; interest recoverable at the contract default rate of 15.7% from 30 October 2009 and costs recoverable on a solicitor/client basis.