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Re: MACKENZIE
Sorry Davby but i am not wrong, i think its best we just accept that we have differing interpretations and opinions and end the arguement here. As way i see it, i have backed up my arguement with case law and legislation but you have not done the same. Therefore as i said in the other thread, the arguement is just going to go round and round, do to lack of supporting evidence from your side, which if given we could debate properly. So until we have that supporting evidence from you i don't see why this argument should continue as it would simply be a never ending argument other difference of interpretation and opinion. Yes you may know part of a legislation of a case law that i do not know about, but without that how can i simply just take your word for it, how can we debate it like gentlemen if you don't provide it?
As for the interest, i have never said that just because the contract continues, that the creditor is entitled to add more monthly interest, in fact i clearly stated that they could not add more monthly interest. So even if it took them 12 months to issue a DN, they still can not add more than 1 months interest as the loan doration will have ended, but just because the duration of the loan has ended it does not mean the agreement is no longer live, as its kept alive by the debtors failure to fulfill the repayment terms, it only terminates if the debtor fulfills the repayment terms, or it is ended terminated by the creditor after the issuing of a VALID DN.
Sorry Davby but i am not wrong, i think its best we just accept that we have differing interpretations and opinions and end the arguement here. As way i see it, i have backed up my arguement with case law and legislation but you have not done the same. Therefore as i said in the other thread, the arguement is just going to go round and round, do to lack of supporting evidence from your side, which if given we could debate properly. So until we have that supporting evidence from you i don't see why this argument should continue as it would simply be a never ending argument other difference of interpretation and opinion. Yes you may know part of a legislation of a case law that i do not know about, but without that how can i simply just take your word for it, how can we debate it like gentlemen if you don't provide it?
As for the interest, i have never said that just because the contract continues, that the creditor is entitled to add more monthly interest, in fact i clearly stated that they could not add more monthly interest. So even if it took them 12 months to issue a DN, they still can not add more than 1 months interest as the loan doration will have ended, but just because the duration of the loan has ended it does not mean the agreement is no longer live, as its kept alive by the debtors failure to fulfill the repayment terms, it only terminates if the debtor fulfills the repayment terms, or it is ended terminated by the creditor after the issuing of a VALID DN.
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