MANX ELECTRICITY AUTHORITY v J P MORGAN CHASE BANK
[2003] BLR 477
COURT OF APPEAL
Before Lord Justice Thorpe, Lord Justice Chadwick and Lord Justice Rix
Performance bond - Guarantee - On demand bond - Demand under performance bond - Breach by contractor/principal - Anticipatory breach - Whether valid demand under bond.
Subsequent demand - Breach by contractor as at date of demand - Whether accrued or existing - Whether actionable - Whether valid demand.