Question 1 of 10

Lawrence lends £300,000 to Graham under a written agreement.A year later, when Graham refuses to repay the loan, Lawrence issues proceedings in the High Court for repayment of the £300,000 plus interest. Graham is the only defendant.Graham files a Defence in which he denies owing any money to Lawrence. Graham also states that he has insurance in respect of Lawrence’s claim against him.Lawrence makes an application for an interim payment.At the interim payment hearing, the Court takes the view that, whilst it is unsure at present whether Lawrence is entitled to any interest on the loan, it is satisfied that if the claim went to trial Lawrence would obtain judgment for the £300,000.What order is the Court most likely to make at the interim payment hearing, and why?

A. An order dismissing the application for an interim payment in favour of Lawrence because the Court is unsure at present whether Lawrence is entitled to any interest on the loan. B. An order for an interim payment in favour of Lawrence because the Court is satisfied that if the claim went to trial Lawrence would obtain judgment for a substantial amount of money against Graham. C. An order for an interim payment in favour of Lawrence because Graham is insured in respect of Lawrence’s claim. D. An order dismissing the application for an interim payment in favour of Lawrence because Graham has not admitted liability.