Credit Lyonnais Bank Nederland NV v Burch
Language: English Series: New Law Journal ; [1996] NLJ 1421-1422(2)Publication details: 1996Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS56010 (Browse shelf(Opens below)) | 1 | Available | 20405-1001 |
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.