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Undisclosed principal

Language: English Series: Estates Gazette Case Summaries ; (19980 EGCS 64, (1)Publication details: (19980 EGCS 64, (1)Subject(s): Summary: "Secured Residential Funding plc v Nationwide Building Society" QBD 2 April 1998. X acting as agent for plaintiff lender, who engaged defendant valuer. N unaware X was acting. Valuation report declared sole benefit of X. Loan made by S. Borrowers defaulted, property sold at lower price. Valuation defected, S claimed duty of care. Whether S could sue on contract as undisclosed principal of X. Held, Judgement given to S.

"Secured Residential Funding plc v Nationwide Building Society" QBD 2 April 1998. X acting as agent for plaintiff lender, who engaged defendant valuer. N unaware X was acting. Valuation report declared sole benefit of X. Loan made by S. Borrowers defaulted, property sold at lower price. Valuation defected, S claimed duty of care. Whether S could sue on contract as undisclosed principal of X. Held, Judgement given to S.