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Kerr (Aitken’s Trustee) v Aitken: OHCS 26 Nov 1999

Lord Eassie said: ‘In my opinion the expression ‘adequate consideration’ means the giving of a consideration which might objectively be described as being a reasonable prestation for the property conveyed by the bankrupt to the transferee had the transaction taken place between parties acting at arm’s length in ordinary commercial circumstances.’ Judges: Lord Eassie Citations: … Continue reading Kerr (Aitken’s Trustee) v Aitken: OHCS 26 Nov 1999