13 Nov 2013
DRAKE and INDEPENDENT TRUST COMPANY (2007) LIMITED v RANKIN [2013] NZHC 3001 [13 November 2013]
- Citation
- [2013] NZHC 3001
- Court
- High Court
The deed of acknowledgment of debt and the guarantee are enforceable; valid notice was given so interest is payable for 1 April 2012 to 31 March 2013; there was default permitting acceleration of the principal under the security documentation; the defendant's asserted defences lacked evidential foundation and were therefore rejected, warranting judgment for the plaintiffs for principal plus interest.