Edington V Fitzmaurice (1885)

• Edington lent money to a company on the basis that it would be used for expanding the business
• The directors intended to use the money to pay off some debts
• Ruling

  The directors were liable, their statement of intention was in fact a statement of fact
• Point of law

  A statement of future intention is not generally a statement of fact unless the person has no such intention to perform the action in the future