In re Super Seconds v [1996] JLR 117 (18 April 1996)
The court considered whether the interest on a secured debt, specifically one secured by hypothec, is limited to three years or can extend for a longer period depending on the terms of the security and applicable law.
- Citation
- [1996] JLR 117
- Parties
- Applicant: Super Seconds
- Jurisdiction
- Jersey
- Judgment Date
- 18 April 1996
- Procedural Posture
- Bankruptcy / Judgment
- Legal Topics
- Remise De Biens, Interest on Secured Debts, Hypothec
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Parties
Super Seconds
Applicant
Procedural Posture
Bankruptcy / Judgment
Legal Issues
- 1 Whether interest secured by hypothec securing principal sum is limited to three years or for a longer period
Ratio Decidendi
The court considered whether the interest on a secured debt, specifically one secured by hypothec, is limited to three years or can extend for a longer period depending on the terms of the security and applicable law.
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