Undisclosed principal
Undisclosed principal
- (19980 EGCS 64, (1)
- Estates Gazette Case Summaries (19980 EGCS 64, (1) .
"Secured Residential Funding plc v Nationwide Building Society" QBD 2 April 1998. X acting as agent for plaintiff lender, who engaged defendant valuer. N unaware X was acting. Valuation report declared sole benefit of X. Loan made by S. Borrowers defaulted, property sold at lower price. Valuation defected, S claimed duty of care. Whether S could sue on contract as undisclosed principal of X. Held, Judgement given to S.
DUTY OF CARE
SECURED RESIDENTIAL FUNDING PLC V NATIONWIDE BUILDING SOCIETY
UNDISCLOSED PRINCIPAL
VALUATION CONTRACT
"Secured Residential Funding plc v Nationwide Building Society" QBD 2 April 1998. X acting as agent for plaintiff lender, who engaged defendant valuer. N unaware X was acting. Valuation report declared sole benefit of X. Loan made by S. Borrowers defaulted, property sold at lower price. Valuation defected, S claimed duty of care. Whether S could sue on contract as undisclosed principal of X. Held, Judgement given to S.
DUTY OF CARE
SECURED RESIDENTIAL FUNDING PLC V NATIONWIDE BUILDING SOCIETY
UNDISCLOSED PRINCIPAL
VALUATION CONTRACT