Director of Savings v Woolf; Same v Kear and Another: ComC 20 Jun 1997

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.


Cresswell J


Times 09-Jul-1997


England and Wales

Financial Services

Updated: 19 May 2022; Ref: scu.80060