United Dominions Corpn (Jamaica) Ltd v Shoucair

Subject Matter

CONTRACT — Rescission — Variation — Moneylending contract rendered unenforceable by variation — Whether original contract rescinded

[1969] 1 AC 340; [1968] 3 WLR 893

MONEYLENDER — Jamaica — Moneylender — Memorandum — Requirements of — Not applicable to loans with interest of 10 per cent or less — Original agreement enforceable — Temporary variation in rate of interest — Agreement for variation unenforceable — Whether original agreement thereby becoming unenforceable — Intention of parties equally important in moneylending transactions — Whether temporary variation in rate of interest evidence of intention to rescind original agreement — Moneylending Laws (Laws of Jamaica, 1953 Rev, c 254), s 8

[1969] 1 AC 340; [1968] 3 WLR 893

MONEYLENDER — Memorandum — Requirements of — Not applicable to loans with interest of 10 per cent or less — Original agreement enforceable — Temporary variation in rate of interest — Agreement for variation unenforceable — Whether original agreement thereby becoming unenforceable — Intention of parties equally important in moneylending transactions — Whether temporary variation in rate of interest evidence of intention to rescind original agreement — Moneylenders Act, 1927, s 6 — Moneylending Laws (Laws of Jamaica, 1953 Rev, c 254), s 8

[1969] 1 AC 340; [1968] 3 WLR 893