- Title
- Out with “moral obloquy”! The present (precarious) status of pure (sic) “asset lending”1 : Jams 2 Pty Ltd v Stubbings
- Creator
- Aitken, Lee
- Relation
- Australian Banking and Finance Law Bulletin Vol. 36, Issue 8, p. 122-125
- Relation
- http://www2.lexisnexis.com.au/sites/en-au/products/australian-banking-finance-law-bulletin.page
- Publisher
- LexisNexis
- Resource Type
- journal article
- Date
- 2020
- Description
- In olden times, a banker was thought, quaintly, to lend money to collect appropriate stipulated interest, with the principal to be repaid by the loan's term. A fresh advance might then occur, as advised. More recently, the market has learnt to accommodate 'pure asset lending', a term which has a dyslogistic flavour but lacks any normative content. Such a loan will not be for traditional purposes - most frequently, the borrower will wish to obtain short-term accommodation for a limited purpose while their affairs are rearranged, or a perceived easy capital gain is realised. This article explores the present status of pure asset lending through the case of Jams 2 Pty Ltd v Stubbings [2020] VSCA 2000.
- Subject
- banking and finance; borrowings; authority; asset lending
- Identifier
- http://hdl.handle.net/1959.13/1468229
- Identifier
- uon:48023
- Identifier
- ISSN:1447-137X
- Language
- eng
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