The appellants appealed a summary judgment enforcing their personal guarantees of a corporate debt.
They argued that the respondent creditor failed to disclose a material fact: an alleged arrangement limiting the liability of a third co-guarantor.
The Court of Appeal dismissed the appeal, finding no evidence that the respondent intended to deceive or knew the appellants were signing under false premises.
Furthermore, the appellants failed to provide evidence that they relied on the co-guarantor's guarantee or that they would not have signed had they known of the alleged arrangement.
