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The case of Coleman v Mundell involves a dispute over an oral contract. The claimant, Mr. C, sought specific performance of the contract, which is an equitable remedy subject to the court's discretion. Mr. C owned shares in a Spanish entity and was facing financial difficulties with his company, seeking a cash injection. On September 30, 2016, Mr. C and the defendant, Mr. M, who was also a friend and businessman, had a conversation that was recalled differently by each party. Mr. C claimed that Mr. M agreed to provide a 250,000 interest-free loan secured against Mr. C's shares, while Mr. M had a different account of the discussion.
