11 May 2012
WATKINS V ORIX NEW ZEALAND LIMITED HC AK CIV-2011-404-006060
- Citation
- openlaw-60176c95_0936_4890_86d5_6904dda98419.pdf
- Court
- High Court
Although a continuing guarantee is revocable in respect of future liabilities by proper notice, the evidence showed the discussion between Mr Watkins and Orix related only to a discrete crane financing and did not communicate a clear, general revocation of the appellant's guarantee; therefore no proper notice was given and the appellant remained liable for the later vehicle lease obligations, so the appeal was dismissed.