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No cap on negligence

Series: Estates Gazette ; (0004) 29 January 2000, 134(1)Publication details: 2000Subject(s): Summary: Looks at who is responsible when a mortgaged property is negligently overvalued if the borrower defaults on repayments, leading to losses and a shortage of security. Uses the case "South Australia Asset Management Corporation v York Montague Ltd" (SAAMCO) as an example.

Looks at who is responsible when a mortgaged property is negligently overvalued if the borrower defaults on repayments, leading to losses and a shortage of security. Uses the case "South Australia Asset Management Corporation v York Montague Ltd" (SAAMCO) as an example.