The appellants appealed a judgment holding them liable as guarantors of a line of credit extended to an automobile dealership.
They argued that a forged Acknowledgement provided to the bank vitiated their earlier guarantees.
The Court of Appeal dismissed the appeal, finding that the bank never sought to enforce the forged document, the appellants suffered no prejudice, and the guarantor knowingly provided subsequent valid Acknowledgements.
Arguments regarding breach of a side agreement and lack of independent legal advice were also dismissed.
