SUN ALLIANCE PENSIONS LIFE & INVESTMENTS SERVICES LTD. v. RJL AND ANTHONY WEBSTER

[1991] 2 Lloyd's Rep. 410

QUEEN’S BENCH DIVISION

Before Mr. Anthony Colman, Q.C., sitting as a Deputy Judge

Insurance (Life) - Guarantee - Plaintiffs employed company as agents to market plaintiffs’ life assurance policies - Plaintiffs made loans and paid advance commission to company - Directors of company guaranteed repayment of loan and advance commission - Company defaulted - Whether directors personally liable - Whether directors entitled to rely on company’s set-off in respect of plaintiffs’ breaches of collateral oral agreement.