000			01352cab a2200217 4500
001			ABS58356
008			090401t1998 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u83587
041			_aeng
245			_aNykredit Mortgage Bank plc v Edward Erdman Group ltd
260			_c1998
350			_a0
490			_aEstates Gazette Law Reports _v[1998] 5 EG 150-155(5)
520			_aHL 27 November 1997. In 1996 HL held that the respondent bank was entitled to recover damages from the appellant valuers for negligent valuation of a property. The House of Lords had to decide the level of interest to be paid upon the damages. The appellant valuers contended that the cause of action did not arise until the subject property was sold in 1993. The respondent bank claimed that the cause of action arose in March 1990, at the date of the loan transaction. By December 1990, taking into account the continuing cost to the bank of providing the money lent and the diminishing value of property as the market deteriorated, the bank suffered their full, allowable loss. Held, interest should be paid from December 1990.
650			_aDAMAGES
650			_aNEGLIGENT VALUATION
650			_aNYKREDIT MORTGAGE BANK PLC V EDWARD ERDMAN GROUP LTD
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942			_n0
948			_c06/02/1998
999			_c52806 _d52806