21 Apr 2021
BMW FINANCIAL SERVICES NZ LTD v COTTON [2021] NZHC 854
- Citation
- [2021] NZHC 854
- Court
- High Court
The defendant was bound by the signed guarantee and loan documents; the CCCFA did not apply because the borrowing was business-to-business and not a consumer credit contract; the defendant produced no evidentiary material to support the defences asserted; accordingly there was no arguable defence and the plaintiff was entitled to summary judgment for the outstanding sum.