24 Jul 2003
SIMON ANTHONY HOLDGATE V ANDREW NICHOLAS HOLDGATE And Anor CA CA166/02
- Citation
- openlaw-b59d74aa_bba6_42ec_9c4e_93c1921625e7.pdf
- Court
- Court of Appeal
Indebtedness between partners for the purpose of attracting interest under the mortgage requires final dissolution accounts to fix a liquidated sum unless taking an account would serve no useful purpose; on these facts further accounting would have served a useful purpose (notably later adjustments increased the claimed sum materially), so no indebtedness arose prior to adjudication and interest did not run—appeal dismissed.