United Bank of Kuwait v Prudential Property Services Ltd
United Bank of Kuwait v Prudential Property Services Ltd
- 1994
- Estates Gazette (1994) 30 EG 103-110(8) .
QBD 10 December 1993. The lender, who would not have made the loan if the valuation had not been negligent, was awarded damages of the difference between the loan and the sum recovered by the sale of the property. The valuer had been in breach of contract by providing a negligent valuation, in which the gross rather than the net internal area had been used.
BANQUE BRUXELLES LAMBERT V EAGLE STAR INSURANCE CO LTD
COMPARABLES
DAMAGES
LENDERS
LOSSES
Measurement
NEGLIGENCE
NET INTERNAL AREA
NON-TRANSACTION BASIS
OVERVALUATION
Valuation
QBD 10 December 1993. The lender, who would not have made the loan if the valuation had not been negligent, was awarded damages of the difference between the loan and the sum recovered by the sale of the property. The valuer had been in breach of contract by providing a negligent valuation, in which the gross rather than the net internal area had been used.
BANQUE BRUXELLES LAMBERT V EAGLE STAR INSURANCE CO LTD
COMPARABLES
DAMAGES
LENDERS
LOSSES
Measurement
NEGLIGENCE
NET INTERNAL AREA
NON-TRANSACTION BASIS
OVERVALUATION
Valuation