Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ARGO CARIBBEAN GROUP LTD. v. LEWIS

[1976] 2 Lloyd's Rep. 289

COURT OF APPEAL

Before Lord Justice Stephenson, Lord Justice Orr and Lord Justice Bridge

Contract - Moneylending contract - Enforceability - Money lent by moneylender to borrower - Agreement by third party that borrower would repay sum lent - Contract with borrower not enforceable by money lender in view of contravention of statutory provisions - Whether agreement by third party affected - Whether agreement a contract of indemnity or a guarantee-"security given by the borrower"-Moneylenders Act, 1927, ss. 1 (3) (b), 6, 12.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.