Yeoman Credit v Waragowski [1961]

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 [1963]’s minor arrears damages.

RELATED CASE  Maritime National Fish Ltd v Ocean Trawlers Ltd [1935]

Posted in Contract Law Revision Notes.

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