000			01237cad a22001935a 4500
001			L152643
008			110407e20110120xxk 000 0 eng d
035			_a(Sirsi) u152643
041	0		_aeng
245	0	0	_aSpring Finance Limited v HS Real Company LLC _h[electronic resource]
260			_c2011
520			_a[2011] EWHC 57 (Comm), 20 January 2011. Can a guarantor delay enforcement on the basis that payment was agreed to be deferred for five years? Specialist loan company Cheval Property Finance was sold to claimant (S), a company 50% owned by defendant (H). Fifty per cent of the purchase price was secured under a loan-note guaranteed by H. Cheval's loan-note was transferred to S with H's consent. H failed to pay the second instalment and signed a memorandum to postpone the payment to S for five years. "Held": HC found for S. H knew that the memorandum of understanding to delay the payment was not legally binding.
590			_aKA
650	2	4	_aSPRING FINANCE LTD V HS REAL COMPANY LLC
651		4	_aEngland and Wales _y1543-
690			_aPROPERTY-PROPERTY ACQUISITION AND DISPOSAL
856	4	0	_uhttps://www.bailii.org/ew/cases/EWHC/Comm/2011/57.htmlzView the law report free of charge at www.bailii.org
942			_n0
999			_c83050 _d83050