A defence for the representor1 may arise where the contract sought to be rescinded is a contract by which the representee2 became a member of a limited company. In this case, the winding up or insolvency of the company is a bar to any relief by way of rescission unless the representee has already begun proceedings for rescission or agreed with the company to be bound by such proceedings brought by some other person or has taken other appropriate steps to have his name removed from the register
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234