C. R. and Co. wrote to G. offering him an investment upon the security of an estate in Ceylon, for which they acte as agents, and saying, ‘it is an excellent security, apart from our guarantee of principal and interest.’ G. replied, accepting the investment, ‘with C. R. and Co.’s guarantee of principal and interest.’
Held that C. R. and Co.’s letter amounted to a distinct offer of a guarantee, which became operative as soon as it was accepted, and the loan which was to be the consideration for it was made
Judges:
Lord Chancellor (Herschell), and Lords Watson, Macnaghten, Morris, and Shand
Citations:
[1895] UKHL 724, 32 SLR 724
Links:
Jurisdiction:
England and Wales
Agency, Contract
Updated: 13 June 2022; Ref: scu.634055
