Perar BV v General Surety and Guarantee Co Ltd
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(1994) 66 BLR 72 CA
It was held in this case that insolvency was not a breach of contract or default giving rise to liability under a bond.
Trentham Ltd. ('Trentham') entered into a JCT 1981 contract to design
and build a building. Clause 27.2 provided for automatic...