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AI summary
The judgment concerns an application to enforce a divorce settlement term about a motor vehicle finance agreement. The court interpreted the phrase "until the expiry of the finance agreement" to include the final balloon instalment and granted a writ of execution for 50% of that amount. Costs were also awarded.
This may be relevant to family law and enforcement of settlement agreements involving vehicle finance arrangements.
Evidence from source
this Court finds that the Respondent is indeed liable for 50% of the seventy second instalment, being the balloon payment which is part and parcel of the finance agreement.
Supports: The court interpreted the settlement term to include the final balloon instalment.
The Respondent is ordered to pay the costs of this application including the costs of counsel on Scale B.
Supports: Costs were awarded.