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Reading the small print...

Reading the small print...

Postby Hairyloon » Sat Dec 05, 2015 11:37 am

This story tells a tale of a chap who was given a credit card on his own terms.
I don't believe it, but I'm not seeing at a glance why it would not work.
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Re: Reading the small print...

Postby Millbrook2 » Sun Dec 06, 2015 4:29 pm

Bank is Russian and case is pending so the result may not enlighten us.

However I'd be interested on a view whether someone doing that in the UK would be duty bound to notify the other side that they had amended the standard terms . Having signed the contract was this acceptance or by inserted alterations without notifying the other party was this an offer?
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Re: Reading the small print...

Postby atticus » Sun Dec 06, 2015 7:30 pm

Offer and acceptance must be of the same terms if there is to be a contract on those terms.
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Re: Reading the small print...

Postby Hairyloon » Sun Dec 06, 2015 7:53 pm

I think that either the amended contract is an offer offered to the bank and accepted if they accept it, else it is not a valid contract.
If it is not a valid contract then the bank cannot enforce their interest or charges, though they can presumably enforce a repayment of what was borrowed.
I think, if I have understood the story correctly, he included punitive penalties if the bank imposed charges, which may fall foul of the unfair contract rules which they may not have in Russia...
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