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
PROTECTION OF CREDITORS: Where the reduction of capital involves diminution of unpaid capital or repayment to shareholders of paid-up capital, creditors have a statutory right

Legal rights - Winding up: In substance these two people are really partners" and by analogy with the law of partnership (which permits dissolution if the partners are really

INTERNATIONAL TRADE LAWS The laws controlling and regulating International trade have become one of the fastest growing areas of international law. International trade laws conce

REGULATIONS REGARDING EXPERIMENTS ON ANIMALS : You may be aware that experiments on animals are performed in the laboratories of educational and research institutions. You should k

Mr. Gomez a former managing partner of the Grant Thornton accounting firm, is currently serving first half of a 12- year prison term. In 1986, 39 year old Gomez pleaded guilty t

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

Goods - Sales of Goods Even if "goods" like in common parlance has like the Act has given the word such technical meaning. Whether it provides like; "goods" consist of "all chat

Question 1: Public Private Partnership (PPP) means investment through private sector participation by a contractual arrangement between a procuring entity and a private sector

Removal of Directors: By s.185(1) a company may by ordinary resolution remove a director before the expiration of his period of office, but notwithstanding anything in the art

Sub: Filing Divorce and Issue of Restraining order services Dear Kimberly Frederick Bumfree, Warm Greetings from Donald & Matthews Law firm, This letter is for your imme