000			01557cab a2200301 4500
001			ABS55622
008			090401t1996 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u17619
041			_aeng
245			_aSouth Australia Asset Management Corporation v York Montague Ltd ; United Bank of Kuwait plc v Prudential Property Services Ltd ; Nykredit Mortgage Bank Plc v Edward Erdman Group Ltd
260			_c1996
350			_a0
490			_aEstates Gazette _v[1996] 27 EG 125-132(8)
520			_aHL 21 June 1996. In all three appeals there had been a negligent overvaluation of property offered as security for loans. Had the lender known the true value he would not have lent. The CA decided that in a `no-transaction` case the lender is entitled to recover the differencee between the sum lent and the net sum he actually got back. "Held" damages should be limited to the consequences of the valuations being wrong ie. the difference between the negligent valuation and the correct valuation.
650			_aFALLING MARKET
650			_aFALLING VALUES
650			_aMEASURE OF DAMAGES
650			_aNEGLIGENCE
650			_aNYKREDIT MORTGAGE BANK PLC V EDWARD ERDMAN GROUP LTD
650			_aPROPERTY VALUES
650			_aSOUTH AUSTRALIA ASSET MANAGEMENT CORPORATION V YORK MONTAGUE LTD
650			_aUNITED BANK OF KUWAIT PLC V PRUDENTIAL PROPERTY SERVICES LTD
650			_aVALUERS
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
690			_aRATING AND VALUATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c11679 _d11679