RELEASE OF LESSEE'S OBLIGATIONS: EFFECT ON ASSIGNEE AND ASSINGEE'S GUARANTOR.

Autor: Schroeder, Sam
Předmět:
Zdroj: Australian Law Journal; Mar2010, Vol. 84 Issue 3, p149-150, 2p
Abstrakt: The article discusses a court case regarding the extent of effect of the release of a lessee's obligations on the assignee and assignee's guarantor. It relates the case involving Byrne J, a lessee who rejected to the argument of allowing the lessor recover after a deed of release has been signed in 2006, since he was following the traditional law of leases. The implications of the decision on fundamental principles of a lessee on the performance of covenants in the lease is also highlighted.
Databáze: Supplemental Index