No cap on negligence
No cap on negligence
- 2000
- Estates Gazette (0004) 29 January 2000, 134(1) .
Looks at who is responsible when a mortgaged property is negligently overvalued if the borrower defaults on repayments, leading to losses and a shortage of security. Uses the case "South Australia Asset Management Corporation v York Montague Ltd" (SAAMCO) as an example.
SAAMCO
SOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION V YORK MONTAGUE LTD
NEGLIGENT VALUATIONS
LOSS
OVERVALUATION
NEGLIGENCE
VALUERS
Looks at who is responsible when a mortgaged property is negligently overvalued if the borrower defaults on repayments, leading to losses and a shortage of security. Uses the case "South Australia Asset Management Corporation v York Montague Ltd" (SAAMCO) as an example.
SAAMCO
SOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION V YORK MONTAGUE LTD
NEGLIGENT VALUATIONS
LOSS
OVERVALUATION
NEGLIGENCE
VALUERS