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The case of Coleman v Mundell revolves around a dispute over an oral contract concerning a loan. The claimant, Mr. C, sought specific performance of the contract, which is an equitable remedy granted at the court's discretion. Mr. C’s company faced financial difficulties, prompting him to seek a cash injection. He owned shares in a Spanish entity, and his friend, Mr. M, a businessman, was involved in discussions about a potential loan. During a conversation on September 30, 2016, Mr. C claimed that Mr. M agreed to an interest-free loan of £250,000, secured against Mr. C's shares. However, the two parties had differing recollections of their conversation.
