From: Alex Heney 
Newsgroups: uk.legal uk.finance
Subject: Re: Unacceptable HBOS Marketing
Date: Thu, 24 May 2007 22:03:14 +0100

On Thu, 24 May 2007 15:50:54 +0100, Peter Saxton
 wrote:

>On Thu, 24 May 2007 14:26:42 GMT, ®i©ardo  wrote:
>


>>> 
>>> Nothing? What is wrong with a reasonable fee rather than £35?
>>> 
>>
>>What legislation? What £35? Define "reasonable".
>
>legislation that says penalty clauses are voidable.

There isn't any.

There is case law to say that penalties should be no more than
"liquidised losses", but no actual statutes to that effect.

>
>reasonable is what a reasonable person thinks is reasonable
>

Not really.

"reasonable" in the situation of penalties would be  a reasonable
estimate of what it actually cost the bank.


>do you think £35 is reasonable?

No.

But where did you get that figure from?
-- 
Alex Heney, Global Villager
Justice is incidental to law and order.
To reply by email, my address is alexATheneyDOTplusDOTcom