A victory for common sense

Seidl, A.

A victory for common sense - 1996 - Estates Gazette (9626) 29 June 1996, 56-57(2) .

Reports on the background to the House of Lords decision in "South Australia Asset Management Corporation v York Montague; Nykredit Mortgage Bank v Edward Erdman Ltd and United Bank of Kuwait v Prudential Property Services Ltd" which limited the amount of damages payable by negligent valuers to the difference between the overvaluation and the true market valuation. Includes a case history.


FALLING MARKET
FALLING VALUES
NEGLIGENCE
NYKREDIT MORTGAGE BANK V EDWARD ERDMAN LTD
PROPERTY VALUES
SOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION V YORK MONTAGUE
UNITED BANK OF KUWAIT V PRUDENTIAL PROPERTY SERVICES LTD
VALUERS