A number of finance companies and banks that provided questionable leases and loans for technology equipment may find the courts willing to nullify contracts on the grounds of unconscionable conduct, following a ruling in the Federal Court of Australia two weeks ago.
In a decision that sets a precedent for this type of litigation, the owners of a medical practice in Capalaba, Queensland succeeded in a cross-claim against Technology Leasing Ltd in a dispute about rental payments over a phone system provided (and sold) by Freshtel in late 2007.
Technology Leasing was the...
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