The Law Reports (Queen's Bench Division)
[1961] 1 QB 445
[COURT OF APPEAL]
CAMPBELL DISCOUNT CO. LTD.
v.
BRIDGE.
[Plaint No. QO 1562.]
1961 Feb. 28;
Mar. 1.
Mar. 1.
Holroyd Pearce, Harman and Davies L.JJ.
Contract
— Penalty
— Hire-purchase agreement
— Sum payable for right to terminate
— Whether penalty
— Whether principle of equity applicable.
Hire-Purchase
— Hire-purchase agreement
— Penalty
— Termination of agreement by hirer
— Claim by owners under depreciation clause for two-thirds purchase price.
Judicial Precedent
— Court of Appeal reasoning inconsistent with earlier decision
— Earlier decision to be followed.