Credit Lyonnais Bank Nederland NV v Burch
Credit Lyonnais Bank Nederland NV v Burch
- 1996
- New Law Journal [1996] NLJ 1421-1422(2) .
CA 20 June 1996. A junior employee was unduly influenced by her employer to mortgage her flat in order to increase the businesses overdraft limit. When the company went into liquidation the bank was unable to recoup the total sum and demanded the outstanding sum, £60,000, from the defendant. Appeal by bank dismissed. Held that the transaction was invalid and the bank must have known that no competent solicitor could advise the defendant to enter into such a guarantee as she did.
CREDIT LYONNAIS V BURCH
DUTY OF CARE
MORTGAGES
UNDUE INFLUENCE
CA 20 June 1996. A junior employee was unduly influenced by her employer to mortgage her flat in order to increase the businesses overdraft limit. When the company went into liquidation the bank was unable to recoup the total sum and demanded the outstanding sum, £60,000, from the defendant. Appeal by bank dismissed. Held that the transaction was invalid and the bank must have known that no competent solicitor could advise the defendant to enter into such a guarantee as she did.
CREDIT LYONNAIS V BURCH
DUTY OF CARE
MORTGAGES
UNDUE INFLUENCE