Ravensdown Fertiliser Co-Operative v Eveleigh (HC, 4/4/2012) issues a warning for company directors to be cautious when required to sign an application to extend a credit facility. R claimed it had a personal guarantee from both M and D Eveleigh for outstanding debts owed by them to R. M and D signed the extended credit application form in dual capacity as directors and guarantors, however they failed to read the terms and conditions on the reverse form and were unaware they had committed themselves in their personal capacity. The court held that it was sufficient that the notice on the form requiring the applicant to refer to the terms and conditions on the reverse was adequate and therefore there was no obligation on R to specifically draw the existence of the guarantee to the attention of M and D. This case sends a clear message that applicants ought to read the terms and conditions of such agreement carefully and seek independent legal advice if necessary to avoid legal repercussions in the future.