Catchwords
Equity – Wife guaranteed debts of husband's company as a volunteer – Wife did not fully understand effect of guarantees – Whether guarantees liable to be set aside – Bank did not explain document to wife – Bank not on notice of unconscionable dealing between husband and wife – Principle in Yerkey v Jones explained.
Precedent – Binding effect of previous decisions of High Court – Ascertainment of binding rule.
Yerkey v Jones (1939) 63 CLR 649, explained and followed.
Barclays Bank Plc v O'Brien [1994] 1 AC 180, not followed.