(hereinafter called, and if more than one, collectively, "Guarantor") in considerations of Melbourne Acrylic Coatings Victoria Pty Ltd (hereinafter called the "Supplier") at my/our request supplying the above Comany with goods from time to time. I/We hereby jointly and severally guarantee to the Supplier the due payment of all monies payable by the Company in in respect o such goods and agree that this guarantee will be a continuing guarantee and my/our liability under it shall not in any way be effected by the Supplier granting time or any other indulgence to the Company and that this guarantee shall bind my/our personal representatives.
I/We further acknowledge that the sale of goods to the abvove Company and apploicable conditions, including conditions of payment and this guarantee, will benefit the Guarantor.