Understanding Hopcraft & Another v Close Brothers Ltd; Johnson v FirstRand Bank Ltd t/a MotoNovo Finance; Wrench v FirstRand Bank Ltd
Summary of the Judgment: This landmark decision concerns secret commissions paid by motor finance lenders to car dealers and the resulting legal duties owed to consumers. The cases were conjoined due to overlapping facts and legal issues. Key Points: 1. Nature of the Dispute Customers claimed: 2. Core Legal Issue Whether dealers, when arranging finance, […]