Yes , a number of questions are relevant to the court here .What...

Yes , a number of questions are relevant to the court here .What was the intention with this put option past the most obvious one- to transfer liablity . ie was it put in place to avoid a liablity - did the recipient have the capacity & means to fullfill his obligations.Unfortunately the answer to these questions would seem clearcut .To win this one they will need to press other arguments