Re Warner v Elders Rural Finance Limited [1992] FCA 473

In Re Warner v Elders Rural Finance Limited [1992] FCA 473 the applicants sought to invalidate a mortgage alleging that all the bank had offered was a “book-entry credit created at no cost” and therefore the bank was engaging in deceptive and misleading practices. Click to access re-adrian-allan-warner-and-julie-francis-warner-v-elders-rural-finance-limited-1992-fca-473.pdf The court noted it is well established that “A debit or credit by a banker or financial institution even though no money is transferred in specie operates as a payment” citing Eyles v. … Continue reading Re Warner v Elders Rural Finance Limited [1992] FCA 473
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