Collings v Charles Bradbury Ltd    Money and moneylending – Memorandum – Promissory note payable by instalments – Postdated
cheques in respect of instalments.
A lady of no business experience borrowed money from moneylenders, and in respect of the
loan gave them a promissory note payable by instalments and post-dated cheques in respect
of the instalments. The cheques were handed over with the note before the transaction was
completed. The interest secured by the notes was 81.23 per cent, and the moneylender knew
the borrower was a lady of some means but made no further inquiry on the matter:—