BANKRUPTS AND LOANS
During the hearing of a charge in the Supreme Court yesterday—that of obtaining credit;for £20 or over without disclosing that the person so obtaining it was an undischarged bankrupt— Mrl J. Meltzer, counsel for the accused, advanced the argument to the jury that where an undischarged bankrupt obtained a loan, which loan would not have been given to him • without a guarantor, the credit in- the sense of "personal trust" was really extended to the guarantor, and that the undischarged bankrupt committed no offence. That view, however, was not concurred in by the Chief Justice (Sir Michael Myers); who stated that as the undischarged'bankrupt would be theperson primarily liable for the loan, within tire meaning of the section it was he who had obtained the credit.
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Bibliographic details
Evening Post, Issue 36, 12 February 1935, Page 14
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129BANKRUPTS AND LOANS Evening Post, Issue 36, 12 February 1935, Page 14
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