In the case of Lodge v. National Union Investment Co. Ltd., the contract between the parties was held…
Because the lender was unregistered under the relevant money-lending law, the contract in Lodge v. National Union Investment Co. Ltd. was held illegal and void, not valid…
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In the case of Lodge v. National Union Investment Co. Ltd., the contract between the parties was held to be:
Answer and explanation
Correct answer B
Because the lender was unregistered under the relevant money-lending law, the contract in Lodge v. National Union Investment Co. Ltd. was held illegal and void, not valid and enforceable, only partially valid, or enforceable solely in equity.