3204155
Description
Mind Map by Rohit Beerapalli, updated more than 1 year ago
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Created by Rohit Beerapalli
over 8 years ago
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Limited or Conditional Liability
- Hobson v. Bass
- A surety can attach any
condition to his liability.
- Liability only arises if
this condition is met.
- Liability only arises if
this condition is met.
- A surety can attach any
condition to his liability.
- Traill v. Gibbons
- Whether the obtaining of a
collateral security is a term of
condition precedent is to be
determined by a proper analysis
of the contractual relationship.
- Whether the obtaining of a
collateral security is a term of
condition precedent is to be
determined by a proper analysis
of the contractual relationship.
- Ward v. National Bank of New Zealand Ltd
- When the sureties are severally
liable, the creditor can release one of
them, without releasing the others.
- When the sureties are severally
liable, the creditor can release one of
them, without releasing the others.
- Greer v. Kettle
- Guarantee was only for a debt
which was secured by a charge
on 275,000 shares.
- Since there was no such
security, it was an attempt to
impose a liability that was
never undertaken.
- Since there was no such
security, it was an attempt to
impose a liability that was
never undertaken.
- Guarantee was only for a debt
which was secured by a charge
on 275,000 shares.
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