Part E Guarantees and Security, Preliminary Material
The present section is intended to provide an overview of the law relating to guarantees and security which a bank may take in order to provide additional cover for facilities provided to borrowers.
The section is arranged as follows:
(a) Chapter 26 contains a discussion of the law relating to guarantees, including the formalities applicable to a guarantee, the defences potentially available to a guarantor, and various other matters;
(b) Chapters 27 to 34 deal with particular types of security, such as charges over book debts, shares, real estate, ship, and aircraft;
(c) Chapters 35 to 39 examine various statutory and other rules which may have the effect of avoiding or vitiating the bank’s security.