Loans - void contracts, Business Law and Ethics

Loans - Void Contracts

However all loans made for an infant are void and irrevocable.  Since in Leslie Ltd. v. Sheill the infant defendant had obtained two advances of two hundred pounds every from the plaintiffs after cheating them which he was an adult.  After the plaintiff sued him to recover £475 then the amount of the advances and accrued interest for as;

  1. First is Breach of contract, or alternatively, and
  2. Second is Fraudulent misrepresentation like i.e. deceit

Whatever it was held that so the infant was not liable since as;

  1. First is, could not be any breach for a void contract, and one is
  2. Second is, the Infants' Relief Act renders loans to infants "absolutely void" without several exception like cheating through an infant notwithstanding. Thus court was also of the view for making the infant liable in tort like i.e. deceit would have amounted to such an indirect enforcement for a contract rendered void with statute.
Posted Date: 1/22/2013 2:24:34 AM | Location : United States







Related Discussions:- Loans - void contracts, Assignment Help, Ask Question on Loans - void contracts, Get Answer, Expert's Help, Loans - void contracts Discussions

Write discussion on Loans - void contracts
Your posts are moderated
Related Questions
Case Law Relating To Dividends: The above provisions of Table A supplement the following common law rules: 1)      Losses in previous years need not be provided for. Furthe

Types of Agents - Agency Law Although broadly agents are either special or might be general depending on the scope of authority.  Subsequently an agent engaged to carry a task

Question 1: (a) Distinguish social accounting from conventional (financial) accounting. (b) Discuss the practical and moral reasons for organizations to engage in social a

Question 1: To what extent do you agree with the assertion that Governments are failing and that corporate power is on the rise? Question 2: (a) Critically determine th

Deferred Debts - Disclaimer of assets: Deferred Debts: A debt owed to a member as member, i.e. an unpaid dividend, is a deferred debt paid only when ordinary debts have b

Question 1: (a) What do you meant by the term misconduct in employment law. How does the English definition of misconduct differ from the French definition of misconduct? (b

What are the main areas of case law? Case law: There are two main areas, as follows: • Common law: It is an amalgamation of past cases that are used to make decision

REGULATIONS REGARDING ELECTRICITY : You are aware that electricity is the most common and convenient source of power. You know that carelessness in handling or maintenance of elec

MSc Finance and Management 2012-13 Ethics in Finance Ethics in Finance, Assessment Answer ALL THREE questions. This should be your own unaided work (this is an ethics assessmen

What is International Civil Aviation Organization The Chicago Convention on International Civil Aviation 1944 governs and regulates the laws of air space and outer space. Furth