The debtor had placed a policy of assurance with the creditor by way of security. In the course of trade between them, a right of set-off occurred between them, and he sought to exchange the policy given as security for another policy for an unconnected reason. The policy was returned.
Held: The debtor had not lost his right of set off.
Citations:
(1845) 2 Coll 60, (1845) 63 ER 637
Jurisdiction:
England and Wales
Contract
Updated: 26 November 2022; Ref: scu.223570
