Court of Appeal Wellington
26 July; 1 September 1989
Cooke P, Richardson and Casey JJ
26 July; 1 September 1989
Cooke P, Richardson and Casey JJ
Commercial law — Credit contracts — Relief from penalty for failure to disclose finance rate — Wholesaler charged retailer interest on overdue account — Finance rate in terms of Credit Contracts Act had not been disclosed and penal provisions of Act accordingly applied — Whether relief should be granted to reduce penalty — Credit Contracts Act 1981, 32.
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