Source: All England Reporter
Publisher Citation: [1999] All ER (D) 1408
Court: Court of Appeal, Civil Division

Evans, Potter LJJ and Alliott J

Representation Michael Mulholland (instructed by Farleys) for S.
  Paul Brook (instructed by Walker Foster) for the society.
Judgment Dates: 10 December 1999


Guarantee - Discharge of guarantee - Creditor not obtaining market value of security - Whether failure to obtain market value extinguished guarantor's liability or reduced liability pro tanto - Whether calculation of loss difference from market value or loss of a chance - (a).

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