A voidable charge remains valid until avoided. ‘It was argued for the vendor that what he contracted to get was a valid legal charge, and that he has not received because the company in default of its obligation under section 95 [of the Companies Act 1948] did not register the charge with the result that it became ineffective on winding up. I do not accept this argument. The charge was effective when made and, although it was the purchaser’s duty to register, it was open to the vendor himself to remedy the defect at the purchaser’s expense.’
Judges:
Harman LJ
Citations:
[1969] 1 Ch 261
Jurisdiction:
England and Wales
Cited by:
Cited – UCB Group Ltd v Hedworth CA 4-Dec-2003
The defendant challenged the claimant’s right to possession under a legal charge. She appealed a finding that she had not established the undue influence of her husband, a solicitor.
Held: A lender who received a voidable security was entitled . .
Lists of cited by and citing cases may be incomplete.
Land, Company
Updated: 13 May 2022; Ref: scu.190505