Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 13 SEPTEMBER 2012

The Clue Is In The Name…

MacRoberts
Explore more from MacRoberts

The case of Cheshire Mortgage Corporation Limited against Morna Grandison (Judicial Factor on the estate of Longmuir & Co.) [2012] CSIH 66 provides useful guidance on the nature and extent of the implied "warranty of authority", and the extent and effect of letters of obligation.

United KingdomLitigation, Mediation & Arbitration
Julie Hamilton
Julie Hamilton
Gillian Craig
Gillian Craig
Author LinkedIn connections

Introduction

The case of Cheshire Mortgage Corporation Limited against Morna Grandison (Judicial Factor on the estate of Longmuir & Co.) [2012] CSIH 66 provides useful guidance on the nature and extent of the implied "warranty of authority", and the extent and effect of letters of obligation.

The Facts

The Cheshire Mortgage Corporation Limited ("CMC") provides secured loans to both individuals and companies. In October 2004, two fraudsters posing as a married couple called "the Cheethams" from Stockbridge, Edinburgh, applied to CMC for a loan of £350,000 through a broker. The loan was to assist them in purchasing property overseas. The loan was to be secured by a standard security over their home in Stockbridge.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Game Developer And Publisher Battle Over Step In Rights

A High Court ruling examines a contentious dispute between a video game developer and publisher over milestone-based funding and "step in" rights for the first-person shooter Six Days in Fallujah. With over $50 million in development costs at stake and allegations of conspiracy to acquire proprietary source code, the court declined to grant either party interim control of the game's development, leaving both sides without the "keys to the kingdom" pending a full trial.
United KingdomLitigation, Mediation & Arbitration
Lewis Silkin
Lewis Silkin
Article

Meta's $18 Billion Settlement: Reckoning Or Managed Exit?

Meta has agreed to pay up to $18 billion over 10 years to settle claims by 52 US state and territory attorneys general in the largest state consumer-protection settlement in American history outside tobacco. The settlement imposes binding child-safety obligations including time limits and age assurance, but leaves the core algorithmic feed unchanged and raises questions about whether this represents genuine accountability or a commercially managed outcome.
United KingdomLitigation, Mediation & Arbitration
Mishcon de Reya LLP
Mishcon de Reya LLP
Article

LNG Charterparty Hire Formula: Meaning Of JKM–TTF Pricing Spread

The Commercial Court ruled on a USD 29 million dispute over an LNG carrier charterparty's index-linked pricing formula, determining whether the "JKM-TTF spread" operated bidirectionally or only when JKM exceeded TTF. The decision examines how unprecedented market conditions—where European gas prices surged above Asian prices due to the Ukraine war—tested the contractual formula's application and whether rectification could remedy an alleged drafting oversight.
European UnionLitigation, Mediation & Arbitration
CMS Wistrand
CMS Wistrand
Video

One-Punch Manslaughter – When A Single Blow Kills (Video)

A split-second decision can change lives forever. In one-punch manslaughter cases, a single impulsive blow, perhaps thrown in anger, fear or misguided bravado, leads to a tragic death. These ‘death by a single punch’ incidents are more common in the UK than many realise. Dozens of families every year are left devastated, with one family grieving an unimaginable loss, and another family shocked and fearful as their loved one faces a homicide investigation for an outcome no one intended. It’s a tragic reality, one moment of anger, one fatal assault involving a single blow, and two lives (and families) ruined.
United KingdomLitigation, Mediation & Arbitration
Olliers Solicitors
Olliers Solicitors