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
Describe the term- higher national income and interest rate This causes country B to adjust to point B with both a higher national income and interest rate. At this point the f

Theobald: Conversely there such I take to be the duty of the auditor; then he must be honest.... i.e. like he must not certify that what he does not believe to be true, reason

Termination of Partnership The Articles of Partnership will contain like a rule or be the regulations with regard for the termination of the partnership. Almost in the absence o

/* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-prior

Effects or Consequences of Illegality Misdemeanour Or Illegality renders a contract unenforceable.  However the contract creates no rights and imposes no obligations at the pa

Question: a. An Ethical dilemma is a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgre

What is the Predevelopment Phase of policy process a) Get authorization and support Who has the authority to create this type of policy? Who has the authority to approve

QUESTION 1 Court control of how executive power is exercised is what administrative law is all about. Who are the persons under scrutiny in this area of the law? In what manner

Proceedings for Compulsory Liquidation: When the petition is presented to the court a copy is delivered to the company in case it objects, and it is advertised so that other

Formation and Partners - Partnership Law However the Partnership Act does not prescribe rules to the formation of a partnership.  Therefore a partnership may be formed like: