000 01343cab a2200265 4500
001 ABS57031
008 090401t1997 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u78271
041 _aeng
245 _aOmega Trust Ltd and another v Wright Son & Pepper and another
260 _c1997
350 _a0
490 _aEstates Gazette
_v[1997] 18 EG 120-123(4)
520 _aCA 17 December 1996. N sought a loan from O, who requested the second plaintiff (X) to provide part of the advance. At O`s request, W provided a copy of a valuation report they had prepared for N of three short leasehold interests - to be provided as security. The report made it clear that it was for O`s purpose only. W were not informed X would rely on the report. N defaulted on loan and plaintiffs claimed valuation negligent. Lower court held W owed duty of care to X and that disclaimer did not satisfy test of reasonableness under the Unfair Contract Terms Act 1977. W appealed. Appeal allowed.
650 _aDISCLAIMER
650 _aDUTY OF CARE
650 _aNEGLIGENCE
650 _aOMEGA TRUST CO LTD V WRIGHT SON & PEPPER AND ANOTHER
650 _aUNFAIR CONTRACT TERMS ACT 1977
650 _aVALUATION REPORT
650 _aVALUERS
690 _aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942 _n0
948 _c09/05/1997
999 _c49265
_d49265