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16 Discharge of the surety

Refund Guarantees


Discharge of the surety


16.1 Chapter 14 explained the application of the rule in Holme v Brunskill and considered the circumstances in which a material variation of the shipbuilding contract made without the consent of the guarantor would discharge the guarantor. This chapter will consider other events relevant in the context of refund guarantees which may discharge the guarantor.

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