Cavendish Funding Ltd v Henry Spencer & Sons Ltd
Cavendish Funding Ltd v Henry Spencer & Sons Ltd
- 1997
- New Property Cases [1997] NPC 150 .
CA 24 October 1997. A lender is able to convince the court that it relied on a negligent valuation but is not able to persuade it that, having received a valuation at a significantly lower figure from another valuer, it had no obligation to check out the first. As a result damages are reduced by 25%. (Headnote) NO PHOTOCOPYING ALLOWED.
NEGLIGENCE
NEGLIGENT VALUATION
CA 24 October 1997. A lender is able to convince the court that it relied on a negligent valuation but is not able to persuade it that, having received a valuation at a significantly lower figure from another valuer, it had no obligation to check out the first. As a result damages are reduced by 25%. (Headnote) NO PHOTOCOPYING ALLOWED.
NEGLIGENCE
NEGLIGENT VALUATION