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High valuation not negligent

Language: English Series: Property Week ; 55(5) 2 May 1996, 10(1)Publication details: 1996Subject(s): Summary: The High Court has ruled that a high valuation on a leisure complex was not negligent, despite being outside the margin of error, because the borrower was involved in a speculative activity.

The High Court has ruled that a high valuation on a leisure complex was not negligent, despite being outside the margin of error, because the borrower was involved in a speculative activity.