Loan agreement: onerous term | Practical Law
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The High Court has held that a lender did not have a duty to inform a borrower of an onerous term in a loan agreement which could lead to a significant liability in the event of early repayment.
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Loan agreement: onerous term
Practical Law UK Articles 5-631-3827
(Approx. 3 pages)
Loan agreement: onerous term
by Freshfields Bruckhaus Deringer LLP
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Published on 28 Jul 2016
•
United Kingdom
The High Court has held that a lender did not have a duty to inform a borrower of an onerous term in a loan agreement which could lead to a significant liability in the event of early repayment.