000			01697cab a2200253 4500
001			ABS46652
008			090401t1992 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u59020
041			_aeng
245			_aPK Finans International (UK) Ltd v Andrew Downs & Co Ltd
260			_c1992
350			_a0
490			_aEstates Gazette _v(1992) 24 EG 138-140(3)
520			_aQBD 28 November 1991. The defendants are a firm of surveyors and valuers. The plaintiffs P allege negligence by X who was employed by the defendants in respect of valuation of a freehold property. X has since died. The property is a large Victorian house which at the time in question was being converted into a nursing home. It is acknowledged by both parties that the previous owner of the property, S, acted fraudulently. X was asked by S to value the property urgently and therefore did a fairly short valuation on 14 October 1985. S then approached the plaintiffs P for a loan of £1m using the property as security. this laon was recommended. S had implied to P that he had planning consent to build sheltered housing on the land. P required a further valuation as they wanted a report addressed to them, as the October valuation contained the customary disclaimer for responsibility to a third party and it did not contain a forced-sale value. However it was agreed that X should redate and r
650			_aFORCED SALE VALUE
650			_aNURSING HOME
650			_aPLANNING CONSENT
650			_aPLANNING PERMISSION
650			_aRICS APPRAISAL AND VALUATION MANUAL
650			_aSHELTERED HOUSING
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942			_n0
948			_c04/03/1997
999			_c36134 _d36134