Valuers liability limited
Valuers liability limited
- 1996
- Times 24 June 1996, 41 Daily Telegraph 24 June 1996, 27 Estates Gazette 22 June 1996, 51(3) .
"South Australia Asset Management Corporation v York Montague Ltd", "United Bank of Kuwait plc v Prudential Property Services Ltd" and "Nykredit Mortgage Bank Ltd v Edward Erdman Group Ltd" HL 20 June 1996. Held that the valuers had been negligent in over-valuing but cannot be held liable for losses as a result of a fall in the property market, only for the difference between their figure and an accurate valuation at the time.
DUTY OF CARE
FALLING MARKET
GOLF COURSES
LIABILITY
MEASURE OF DAMAGES
NEGLIGENCE
NYKREDIT MORTGAGE BANK LTD V EDWARD ERDMAN GROUP LTD
OVER-VALUATION
SOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION V YORK MONTAGUE LTD
UNITED BANK OF KUWAIT PLC V PRUDENTIAL PROPERTY SERVICES LTD
VALUERS
"South Australia Asset Management Corporation v York Montague Ltd", "United Bank of Kuwait plc v Prudential Property Services Ltd" and "Nykredit Mortgage Bank Ltd v Edward Erdman Group Ltd" HL 20 June 1996. Held that the valuers had been negligent in over-valuing but cannot be held liable for losses as a result of a fall in the property market, only for the difference between their figure and an accurate valuation at the time.
DUTY OF CARE
FALLING MARKET
GOLF COURSES
LIABILITY
MEASURE OF DAMAGES
NEGLIGENCE
NYKREDIT MORTGAGE BANK LTD V EDWARD ERDMAN GROUP LTD
OVER-VALUATION
SOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION V YORK MONTAGUE LTD
UNITED BANK OF KUWAIT PLC V PRUDENTIAL PROPERTY SERVICES LTD
VALUERS