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
Define the term - Inaction and crises We know that the standard social planner does not show and delay or have tendency of inaction and adopts a policy as soon as it is proved

There are certain legislations passed regarding state succession. For example, The continuance of legal Proceedings Act 1950; The Pakistan Currency Act 1950; The Pakistan

Stakeholders emphasised that a coordinated, whole of government approach is necessary to mitigate phoenix activity. Stakeholders also emphasised that options should recognise th

State the theory of international antitrust A fourth approach is the allocation of jurisdiction over conduct with multijurisdictional effects to one agency by another agency th

Question1 Describe the term banking and what are the permitted businesses for a banking company as per BR Act 1949 Question2 When is a negotiable instrument considered as

Frank, a student at Anne Arundel Community College, is on his way to class one day. He enjoys his class very much and is looking forward to this particular class on tort law, but d

Alan and Brian wished to obtain tickets to the Football Cup Final at Hambley Park, but the owners of the stadium, Stein Ltd, did not wish to allow Alan and Brian to attend the mat

Question 1: What do you consider to have been the significant factors in the historical development of urban local government in Mauritius? Question 2: Give an account

Implied Powers:                                     The statement of Lord Cairns in 1875 in Ashbury Rail Co Ltd v Riche (22) to the effect that a contract beyond the objects o

QUESTION (a) In scientific ethics, list four fundamental principles of scientific research? (b) Give five differences between law and ethics (c) When does a ‘Conflict of