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Advance payments discharge a guarantee but additional payments don't (Court of Appeal)
Practical Law UK Legal Update Case Report 8-523-4617 (Approx. 3 pages)
Advance payments discharge a guarantee but additional payments don't (Court of Appeal)
by PLC Finance
In Aviva Insurance Ltd v Hackney Empire Ltd [2012] EWCA Civ 1716 (19 December 2012) the Court of Appeal held that interim payments made to a contractor did not discharge the guarantee because the payments were separate to the building contract benefitting from the performance bond.
NOTE: This case has been denied permission to appeal.
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Resource ID 8-523-4617© 2024 Thomson Reuters. All rights reserved.
Published on 10-Jan-2013
Resource Type Legal update: case report
Jurisdictions
Related Content- England
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