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principle, to give weight to the initial agreement, a narrow principle to uphold renegotiations. "If a man fails to fulfil an agreed contract - unless he had contracted to do something forbidden by law or decree, or gave his consent under some inquitous pressure, or was involuntarily prevented from fulfilling his contract because of some unlooked-for accident -. The use of "f* it" (twice) was not as an active verb but rather as a statement that Mr Roden had "no option" but to hedge his exposure to the RBA decision by reducing his risk position. Looking back at it all now, Mr Roden may well have sighed, in a non-transitive verb sort of way, "F* it". When no special relationship exists, the general rule is whether there was a relationship of such trust and confidence that it should give rise to such a presumption.
But his honour was having none of that. While it seems clear that in cases of undue influence the pressure need not come from the person who may lose the contract 1 it is open to debate whether circumstances exist where an obligation should be voidable simply because the person was pressured. It is the question of what means are proper to achieve agreement. Unconscionable conduct all right. If rate rigging had enriched the big global banks in London's corresponding libor market, why wouldn't there be incentive for such sharp practices here, the regulator not unreasonably asked itself. From Westpac's point of view the phrase in question was a reference to the size of its risk exposure around 30 million if the RBA left rates unchanged and the bank didn't hedge its exposure. "The word has a chameleon character and Mr Roden was capable of using the term in almost every conceivable context he said. Email, by, stephen Letts "F* it". The bank bill swap rate may be an arcane tool of financial markets, but it affects every financial transaction you make. In the case of a husband who pressures his wife to sign a mortgage agreement with a bank, and the bank takes subject to the wife's equitable interest when it is found that her signature was inequitably procured. National Westminster Bank plc v Morgan. 22 Matters the court may have regard to for the purposes of section 21 (1) Without limiting the matters to which the court may have regard for the purpose of determining whether a person (the supplier ) has contravened section 21 in connection with the supply.