학술논문

UK: contract terms - warranty
Document Type
Journal Article
Source
J.I.B.L.R. 2008, 23(2), N19-21
Subject
Contract terms
Debt
Directors' liabilities
Guarantees
Loan agreements
Misrepresentation
Warranties
Contracts
Banking and finance
Language
English
ISSN
0267-937X
Abstract
Notes the Queen's Bench Division decision in Quest 4 Finance Ltd v Maxfield on whether a warranty in a loan agreement to the effect that the directors of the borrower would be personally liable for the sums borrowed if the borrower went into administration should be set aside on the grounds that the directors were induced to complete the contract by a material misrepresentation in the finance company's brochure that personal guarantees were not needed.

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