000			01689cab a2200193 4500
001			##L134304
008			060725n2006 000 0 eng u
035			_a(Sirsi) u134304
041	0		_aeng
245	0	0	_aLexi Holdings plc v Garth Scott Stainforth
260			_c2006
520			_a[2006] EWCA Civ 998, 17 July 2006. Concerns the discharging by agreement of the liability for a short-term loan used to purchase a tenanted residential property. Appeal by L against the decision that S's liability for a loan had been discharged by agreement. S had obtained a short-term loan from L to purchase a tenanted residential property. S got into financial difficulties over the loan and asked L if they knew of any potential purchaser of the property. L and S entered into an exclusive sales agreement with an investor known to L. L sought to rescind the agreement and demanded repayment from S who asserted that he had been released from any liability pursuant to the exclusive sales agreement. "Held": appeal dismissed. The liability for S's short-term loan had in the circumstances been discharged by agreement. The effect of clause 4 of the agreement and its wording, relinquishing all rights, was that S had to transfer to L all his beneficial interest in the property and that by implication at least his liability was discharged at the same time.
590			_aIKA010806
650	2	4	_aLEXI HOLDINGS PLC V STAINFORTH
651		4	_aEngland and Wales _y1543-
690			_aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY FINANCE AND INVESTMENT
856	4	0	_uhttps://www.bailii.org/ew/cases/EWCA/Civ/2006/988.html _zView the judgment free of charge at www.bailli.org...
942			_n0
999			_c77440 _d77440