Creswick v Coast RV Pty Ltd [2013] NSWSC 1078

Supreme Court New South Wales

Medium Neutral Citation: Creswick v Coast RV Pty Ltd [2013] NSWSC 1078 Hearing dates: 9 August 2013 Decision date: 09 August 2013 Jurisdiction: Common Law Before: Beech-Jones J Decision: (1) The plaintiffs' summons be dismissed (2) The plaintiffs to pay the defendant's costs. Catchwords: LOCAL COURT APPEAL - guarantee - whether principal debtor entered into agreement to obtain goods on credit - capacity of named persons to bind company - sections 127 and 129 of the Corporations Act - whether guarantee discharged - whether Court's reasons adequate - discretion to grant relief. Legislation Cited: - Corporations Act 2001 (Cth) - Local Court Act 2007 Cases Cited: - Ankar Pty Ltd v National Westminster Finance (Australia) Ltd [1987] HCA 15; 162 CLR 549 - ECS Services Pty Ltd v DGA Holdings Pty Ltd [2013] NSWSC 869 - Sayed v Deng [2012] NSWSC 851 - Suttor v Gundowda Pty Ltd (1950) 81 CLR 418 Category: Principal judgment Parties: William Gerard Creswick (First Plaintiff) John Francis Creswick (Second Plaintiff) Coast RV Pty Ltd a.t.f. Coast RV Unit Trust t/as Cost to Coast RV Services (Defendant) Representation: Counsel: B. Le Plastrier (Plaintiffs) Ms B.K. Nolan (Defendant) Solicitors: Lynch Morgan Lawyers (Plaintiffs) JHK Legal (Defendant) File Number(s): 2013/165309 Decision under appeal Jurisdiction: 9109 Date of Decision: 2013-04-30 00:00:00 Before: Bradd LCM