A guarantee and indemnity executed as part of a credit application, which refers to 'credit given' and incorporates the terms and conditions of that specific credit application, may be construed as confined to debts arising under that credit application rather than as an 'all moneys' guarantee, particularly where the language is ambiguous and the principle of construction in favour of the surety applies. Continued supply of goods on credit after receipt of an executed credit application (even one that departs from the pro forma by striking through the guarantee section) may constitute acceptance of the offer contained in the executed application.
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