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Template:M intro contract Limitation Act: Difference between revisions
Template:M intro contract Limitation Act (view source)
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===“[[Simple contract]]s”=== | ===“[[Simple contract]]s”=== | ||
This was designed to ameliorate the [[common law]] position from difficult cases like {{cite1|Re Brown’s Estate|1893|2Ch|300}}, that a [[loan]] repayable on demand is treated as being repayable immediately, and the [[limitation period]] runs from the day the loan is advanced. {{cite1|Re Brown’s Estate|1893|2Ch|300}} was an utterly bonkers decision, by the way: it means if you ask for your deposit to be repaid five years and 364 days after you placed it — being the day before the limitation period expires — you must immediately launch court proceedings to recover your money, or lose it altogether. | This was designed to ameliorate the [[common law]] position from difficult cases like {{cite1|Re Brown’s Estate|1893|2Ch|300}}, that a [[loan]] repayable on demand is treated as being repayable immediately, and the [[limitation period]] runs from the day the loan is advanced. {{cite1|Re Brown’s Estate|1893|2Ch|300}} was an utterly bonkers decision, by the way: it means if you ask for your deposit to be repaid five years and 364 days after you placed it — being the day before the limitation period expires — you must immediately launch court proceedings to recover your money, or lose it altogether. | ||