Value with hindsight
Murdoch, J.
Value with hindsight - 2003 - Estates Gazette (0312) 22 March 2003, 126(1) Architects' Journal 217(19) 15 May 2003, 50(1) .
Discusses two approaches which have been taken by the courts when considering purchasers' damages for negligent surveys. The 'difference in value' approach based on the difference between the price paid in reliance upon the report and true value as illustrated in "Watts v Morrow" (CA [1991] CILL 687) is open to dispute and a degree of ambiguity. "Mckinnon v E Survey" (ChD Abs66390) takes the 'true value' approach assessing the value of the property in its defective state with the benefit of hindsight.
NEGLIGENT SURVEYS
Valuation
DIFFERENCE IN VALUE
DAMAGES
WATTS V MORROW
MCKINNON AND ANOTHER V E.SURV LTD
Value with hindsight - 2003 - Estates Gazette (0312) 22 March 2003, 126(1) Architects' Journal 217(19) 15 May 2003, 50(1) .
Discusses two approaches which have been taken by the courts when considering purchasers' damages for negligent surveys. The 'difference in value' approach based on the difference between the price paid in reliance upon the report and true value as illustrated in "Watts v Morrow" (CA [1991] CILL 687) is open to dispute and a degree of ambiguity. "Mckinnon v E Survey" (ChD Abs66390) takes the 'true value' approach assessing the value of the property in its defective state with the benefit of hindsight.
NEGLIGENT SURVEYS
Valuation
DIFFERENCE IN VALUE
DAMAGES
WATTS V MORROW
MCKINNON AND ANOTHER V E.SURV LTD