000			01684cab a2200265 4500
001			ABS47138
008			090401t1992 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u60916
041			_aeng
245			_aMount Banking Corporation Ltd v Brian Cooper & Co
260			_c1992
350			_a0
490			_aEstates Gazette _v1992 35 EG 123-136(8)
520			_aQBD 28 May 1992. Claim for damages by plaintiff bank (M) against defendant firm (B) alleging negligence and breach of contract in the valuation of a property for a mortgagee. Mr Cohen (C) carried out the valuation on behalf of (B). In August 1989 the mortgagee (H) a director of Zenhide Ltd sought a loan in connection with the acquisition and development of a property at 17-19 Hartington Road Stockwell, London consisting of an existing office building and a rear yard with street access on which there was planning permission for a single-storey extension. H applied to M for a loan of 70% of valuation plus 70% of development costs at a purchase price of £444,000. M instructed B to carry out a valuation on four counts (1) open market valuation of existing property (2) the forced sale of the value of the property as existing (3) open market value of the property refurbished and extended and (4) forced sale value of the property refurbished and extended. C carrying out the work on behalf o
650			_a10% RULE
650			_aBOLAM PRINCIPLE
650			_aBREACH OF CONTRACT
650			_aFORCED SALE VALUE
650			_aNEGLIGENCE
650			_aOPEN MARKET VALUE
650			_aVALUATIONS
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942			_n0
948			_c04/03/1997
999			_c37665 _d37665