3 Dec 2010
GE CUSTODIANS V BARTLE AND BARTLE AND ANOR SC 52/2010
- Citation
- SC 52/2010
- Court
- Supreme Court
A credit contract will not be treated as oppressive under the CCCF Act unless the lender knew or ought to have known of circumstances rendering it oppressive; reliance on independent and apparently competent legal advice by the borrower relieves the lender from further inquiry except in rare or obvious cases where no solicitor could properly advise signature; absent agency or attributable knowledge of the intermediary, GE was not liable and the Court of Appeal's finding of oppression was incorrect.