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The case of Coleman v Mundell involved a dispute over an oral contract, with the claimant, Mr. C, seeking specific performance to compel the defendant, Mr. M, to fulfill contractual obligations. This equitable remedy is granted at the court's discretion. Mr. C owned shares in a Spanish entity and needed financial support for his struggling business. On September 30, 2016, Mr. C and Mr. M, who was a friend and businessman, had a conversation with differing recollections. Mr. C claimed that Mr. M agreed to provide a 250,000 interest-free loan secured by Mr. C's shares, while Mr. M's account of the conversation differed significantly from Mr. C's version.
