CHINA AND SOUTH SEA BANK LTD. v. TAN SOON GIN, ALIAS GEORGE TAN

[1990] 1 Lloyd's Rep. 113

PRIVY COUNCILJUDICIAL COMMITTEE

Before Lord Keith of Kinkel, Lord Templeman, Lord Ackner, Lord Oliver of Aylmerton and Lord Goff of Chieveley

Banking - Guarantee - Creditor held shares as security for moneys advanced to debtor - Creditor demanded payment under guarantee - Surety alleged shares worthless - Whether creditor owed surety a duty of care to exercise power of sale.