CHAPTER 12:02
MERCANTILE LAW (MISCELLANEOUS) AMENDMENT

ARRANGEMENT OF SECTIONS

    SECTION

    1.    Short title

    2.    Non-application of laesio enormis to contract

    3.    Abolition of common law rules relating to suretyship

Cap. 15, 1959,
L.N. 84, 1966,
Act 21, 1969,
Act 30, 1983,
S.I. 83, 1984.

An Act to consolidate the enactments abolishing the common law rule of laesio enormis and the rule relating to suretyship.

[Date of Commencement: 10th June, 1891]

1.    Short title

    This Act may be cited as the Mercantile Law (Miscellaneous) Amendment Act.

2.    Non-application of laesio enormis

    No contract shall be void or voidable by reason merely of laesio enormis, sustained by either of the parties to such contract.

3.    Abolition of common law rules relating to suretyship

    The common law rules of suretyship known as the Senatus-consultum Velleianum and the Authentica si qua mulier shall cease to be of any force or effect in this country.

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