Image from Google Jackets

Valuation

Language: English Series: Estates Gazette Case Summaries ; (1993) EGCS 163 (23/10/93)Publication details: 1993Subject(s): Summary: "Allied Trust Bank Ltd v Edward Symmons & Partners" QBD 7 October 1993. A report commissioned by developer K from the defendant cited an open market value for the proposed purchase together with a value if planning permission for development was granted and a likely value on realisation. When K became bankrupt and the property sold for a smaller figure, A sued E for negligence. QBD upheld the defendant`s method of valuation.

"Allied Trust Bank Ltd v Edward Symmons & Partners" QBD 7 October 1993. A report commissioned by developer K from the defendant cited an open market value for the proposed purchase together with a value if planning permission for development was granted and a likely value on realisation. When K became bankrupt and the property sold for a smaller figure, A sued E for negligence. QBD upheld the defendant`s method of valuation.