Out with “moral obloquy”! The present (precarious) status of pure (sic) “asset lending”1 : Jams 2 Pty Ltd v Stubbings

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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