Hare v Schurek
Court of Appeal 13 May 1993 (The Times 28 May 1993)

Antony Hare was a car dealer holding a credit brokerage licence, but not one allowing him to act as a consumer credit business.. He was approached by a consumer, Mark Schurek, who wanted to obtain a Ford Orion. Anthony Hare attempted to set up a credit agreement with a finance house but was unsuccessful. He therefore entered into a credit agreement with Schurek himself. Shureck defaulted so Hare sued. He lost in the County Court on the basis that he did not hold a consumer credit licence (category A).

The Court of Appeal held that a one-off agreement did not constitute a consumer credit business and accordingly, no licence under Section 40 was required.