Morrison & Ors v 180 Capital Finance Pty Ltd [2011] VCC 1464 (20 December 2011)

 CONTRACT – short-term loan with high interest rate – higher interest rate payable on default – loan in default – whether interest rate a penalty – whether requirement of loan contract interest rate unconscionable conduct – remedy – Trade Practices Act 1974, ss. 51AB, 51AC and 87. -

http://www.austlii.edu.au/au/cases/vic/VCC/2011/1464.pdf

 

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