31 Jul 2017
FM CUSTODIANS LIMITED v KOOIMAN [2017] NZHC 1783
- Citation
- [2017] NZHC 1783
- Court
- High Court
The Guarantee, being in writing and signed, satisfied s 27 PLA and, read as a whole, created independent principal‑debtor obligations; the Schedule only applied where the guarantor was required to provide security and omission of documents did not render the Guarantee incomplete or unenforceable, so the defendant raised no arguable defence and summary judgment was appropriate.