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Harare High Court

NU Naks (Private) Limited v J W Jaggares Wholesalers (Private) Limited and Export Credit Guarantee Corporation of Zimbabwe (Private) Limited

HH 156-12

Case Details

Court
Harare High Court
Date
25 April 2012
Citation
HH 156-12
Neutral Citation
[2012] ZWHH 156
Outcome
unknown
Case Type
Trial

Bench

Presiding
Mavangira J
Full Bench
Mavangira J
Areas of Law
Commercial LawContract Law
Keywords
Suretyship interpretationPre-existing debtGuarantee coverage
Tags
SuretyshipContract interpretationGuarantee
legislation
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ai analysis
Case Summary

Key Issues

  • {"issue_text":"Whether the second defendant is liable to pay the plaintiff the amount in respect of transactions between the plaintiff and the first defendant prior to the date of the execution of the guarantee?","issue_type":"law","dispositive":"yes","related_facts":"Guarantee issued 11 August 2010; pre-existing debt of US$84,000"}
  • {"issue_text":"How much is the second defendant liable to pay the plaintiff?","issue_type":"mixed","dispositive":"yes","related_facts":"Total debt US$98,239.64; admitted post-guarantee debt US$12,124.56"}
This summary was generated by AI. Use Zalari to read the full judgment.
background
Facts of the Case

Background

The plaintiff supplied goods worth US$98,239.64 to the first defendant between August 2009 and September 2010. The second defendant issued a guarantee on 11 August 2010 limited to US$100,000. The plaintiff claimed the second defendant was liable for the entire debt including pre-guarantee amounts, while the second defendant admitted liability only for US$12,124.56 incurred after the guarantee date.
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