Promise to pay interest ‘fixed and guaranteed for . . five years’ was binding; ambiguity resolved against promissor. Pensioners Guaranteed. Income Bond. Correct way of calculating interest. Leap years. Investment year against calendar year.
Judges:
Cresswell J
Citations:
Times 09-Jul-1997
Jurisdiction:
England and Wales
Financial Services
Updated: 19 May 2022; Ref: scu.80060
