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Morrow & Benjamin Ltd v Whittington
''Morrow & Benjamin Ltd v Whittington'' () 3 NZLR 122 is a case involving the enforceability of a debt incurred by a 17-year-old minor.
==Background==
Morrow & Benjamin Ltd, a stockbroker, opened up an account for the then 15-year-old Whittington to purchase shares during the stock market boom on the mid-1980s.
While initially his credit limit was set at $3,000, it was later increased to $12,000. That being said, the now 17-year-old ignored this credit limit and the stockbroker allowed him to purchase shares worth $36,000 on the eve of the 1987 share-market crash, which were a few months later only worth $4,000.
The plaintiff then wanted him to pay his credit account of $30,250, however Whittington had no means to pay the debt.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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