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RECISSION & REPUDIATION A debtor or hirer may have a right to rescind the agreement on the grounds of misrepresentation. A debtor or hirer may have a right to treat rescind the agreement on the grounds of a breach by the creditor or owner. Effect of recision is that contract is treated as if never … Continue reading
WITHDRAWAL The general contractual position is that debtor/hirer can withdraw from the agreement any time before his application (offer) for credit is accepted. Additionally by virtue of s.59(1), except for certain types of certain types of business credit agreements to enter into a prospective regulated agreement are void. Method by which debtor/hirer may withdraw from … Continue reading
consumerlawuk 