When the lender knows what the loan shall be used for, it could cost a better price of curiosity if the danger degree of the proposed enterprise is high. The Court of First Instance has examined the effect of section 18 in the case of Fast Billion Holdings Ltd v Sun Pui Yuk . The court did not like the way the lender hid that and the reality that t… Read More

Section 18 gives the court docket a really broad spectrum of discretion, which enables the court docket to re-write the mortgage agreement in such phrases as the court docket considers equitable. It ranges from annulling the mortgage agreement on one finish to implementing the settlement in its entirety on the opposite. The information you present … Read More