CONTINENTAL ILLINOIS NATIONAL BANK & TRUST COMPANY OF CHICAGO v. JOHN PAUL PAPANICOLAOU SAME v. NICHOLAS FREDERICK PAPANICOLAOU (THE "FEDORA" "TATIANA" AND "ERETREA II")

[1986] 2 Lloyd's Rep. 441

COURT OF APPEAL

Before Lord Justice Parker, Lord Justice Nourse and Sir Roger Ormrod

Banking - Guarantee - Stay of execution - Default on loan agreement - Bank claimed under personal guarantees - Whether bank acted negligently in performing duty as mortgagees - Whether bank entitled to summary judgment - Whether defendants entitled to stay of execution.