John D Wood and Co (Residential and Agricultural) Ltd v Knatchbull
Series: Estates Gazette ; [2002] 08 EG 131(8)Publication details: 2002Subject(s): Summary: [2002] EWHC 2822 (QB), 16 December 2002. Defendant (K) instructed claimant estate agent (J) to find a buyer for his property. The property was put on the market for £1.5m. The owner of a neighbouring property had used a different estate agent to market his property at an asking price of £1.95m. J became aware of this but did not inform K. J issued proceedings claiming commission. K counterclaimed alleging that J was in breach of contract and was negligent for failing to pass on information and that he had been denied the opportunity to obtain a higher price. Held that J was entitled to his commission. On the counterclaim, K was awarded damages for loss of an opportunity to obtain a higher price. J was not negligent in setting the asking price but had failed in its duty of care to its client in marketing the property (see also Abs66469).| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS66468 (Browse shelf(Opens below)) | 1 | Available | 121441-1001 |
[2002] EWHC 2822 (QB), 16 December 2002. Defendant (K) instructed claimant estate agent (J) to find a buyer for his property. The property was put on the market for £1.5m. The owner of a neighbouring property had used a different estate agent to market his property at an asking price of £1.95m. J became aware of this but did not inform K. J issued proceedings claiming commission. K counterclaimed alleging that J was in breach of contract and was negligent for failing to pass on information and that he had been denied the opportunity to obtain a higher price. Held that J was entitled to his commission. On the counterclaim, K was awarded damages for loss of an opportunity to obtain a higher price. J was not negligent in setting the asking price but had failed in its duty of care to its client in marketing the property (see also Abs66469).