Yeoman Credit v Waragowski 
Where there are significant arrears in a hire-purchase agreement, damages are calculated with the following calculation:
Value of hire purchase agreement – price paid – option fees – mitigation – arrears (if separate)
This leads to a greater payable sum than Financings v Baldock ’s minor arrears damages.
Posted in Contract Law Revision Notes.
This page was last updated on 30th April 2014