Unenforceable Credit Agreement
Can a lender correctly report a default to a credit bureau if a borrower has not made a payment under an “irrevocably unenforceable” credit agreement? William Hibbert, barrister at Henderson Chambers, reviews the decision of the Court of Appeal of Grace and another against Black Horse Ltd. The obligation referred to in the corresponding section does not apply if no amount is or cannot be paid by the borrower or lessee under the contract. This applies regardless of whether the contract could have been terminated. a clear statement of the terms of the agreement as different. For one reason or another, many of these challenges – a hundred – took place in Manchester, and they were all heard together by a test.