Bank of Credit and Commerce International S.A. v. Aboody
(Redirected from Bank of Credit and Commerce International SA v Aboody)
Bank of Credit and Commerce International S.A. v. Aboody [1992] 4 All ER 955 is an English contract law case relating to undue influence.
| BCCI SA v. Aboody | |
|---|---|
| Court | Court of Appeal |
| Full case name | Bank of Credit and Commerce International Société Anonyme v. Aboody and another |
| Citation(s) | [1992] 4 All ER 955 |
| Case opinions | |
| Slade LJ | |
| Keywords | |
| Undue influence | |
Facts edit
Mrs. Aboody signed a document making a charge over the family home in favour of Bank of Credit and Commerce International, to secure her husband’s borrowing for his company. Mr. Aboody had bullied her, and she had signed to get some peace.
Judgment edit
Slade LJ held that because of National Westminster Bank plc v Morgan [1985] UKHL 2 "manifest disadvantage" had to be shown even in cases of actual undue influence. The transaction was not manifestly disadvantageous, but this requirement was subsequently overruled in CIBC Mortgages plc v Pitt [1993] UKHL 7 (21 October 1993).
See also edit
- English contract law
- Undue influence in English law
- Iniquitous pressure in English law
- Lloyds Bank Ltd v Bundy [1975] QB 326
- Williams v. Walker-Thomas Furniture Co. 350 F.2d 445 (C.A. D.C. 1965)