What is impecuniosity in credit hire?
Impecuniosity is the financial inability of a claimant to pay for a hire vehicle on the open market. Where impecuniosity is established, the claimant may…
Frequently asked questions
What is impecuniosity in credit hire?
Impecuniosity is the financial inability of a claimant to pay for a hire vehicle on the open market. Where impecuniosity is established, the claimant may recover the full credit hire rate rather than being limited to the BHR. The test asks whether the claimant could have paid hire charges without making unreasonable sacrifices.
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