Section 120 — Credit Contracts and Consumer Finance Act 2003: Reopening of credit contracts, consumer leases, and buy-back transactions

120 Reopening of credit contracts, consumer leases, and buy-back transactions The Court may reopen a credit contract, a consumer lease, or a buy-back transaction if, in any proceedings (whether or not brought under this Act), it considers that— (a) the contract, lease, or transaction is oppressive; or (b) a party has exercised, or intends to exercise, a right or power conferred by the contract, lease, or transaction in an oppressive manner; or (c) a party has induced another party to enter into the contract, lease, or transaction by oppressive means. Compare: 1981 No 27 s 10(1)