A lease finance provider sent invoice instructions to the claimant company, but these were accompanied by oral instructions requiring the execution of the equipment leases first. The leases were not signed. The defendant issued a cheque but cancelled it.
Held: A contract had not been made and the defendant was not liable. The requirement that the equipment leases be signed was a necessary pre-condition to the contract coming into existence. There was no consideration given for the cheque and the defendant was not liable for its countermanding.
Judges:
Geddes J
Citations:
Times 25-Mar-2003
Jurisdiction:
England and Wales
Contract, Financial Services
Updated: 28 May 2022; Ref: scu.180049
