Ultrabulk A/S v Jagatramka

Guarantee – Construction. The claimant shipping company's application to enforce a guarantee against the defendant company director, J, succeeded. The Commercial Court held that the language of the guarantee was indicative of a primary liability. There was no doubt that the instrument signed by J had provided for an on demand bond and that, if such demand had been validly made, J was bound to pay a sum equal to the sum to which his company was indebted.

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