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6 Cards in this Set
- Front
- Back
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Knightsbridge Estates Trust v Byrne |
Legal date for redemption 40yrs, but very low interest rate. Permitted as commercial deal. |
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Fairclough v Swan Brewery Co Ltd |
Legal date for redemption 6wks prior to expiry of lease = worthless by then (illusory). |
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Cuckmere Brick Co Ltd v Mutual Finance Ltd |
Sale price = must act in good faith & obtain true market value. |
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Quenell v Maltby |
Equity has wider discretion; lenders must be bone fide & acting reasonably & not against justice ie needs to be in default, not ulterior motive. |
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Western Bank v Schindler |
Court has power to postpone possession. |
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Medforth v Blake |
Lender’s receiver must act in good faith & with reasonable competence. |
