000			01666cab a2200253 4500
001			ABS58493
008			090401t1998 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u85322
041			_aeng
245			_aPlatform Home Loans Ltd v Oyston Shipways Ltd and others
260			_c1998
350			_a0
490			_aEstates Gazette _v(9813) 28 March 1998, 148-153(6)
520			_aCA 19 December 1997. The plaintiff mortgage lender gave H a `non-status` loan secured on H`s home which H purchased for £375,000. H defaulted and the plaintiff obtained possession and sold the property for £435,000. In proceedings for negligence against the defendants, involving two unconnected firms, Jacob J gave judgment to the plaintiff in the sum of £585,723 holding that the plaintiff had been contributorily negligent. The plaintiff appealed contending that any contributory negligence in making a non-status loan of 70% of the value of the security did not result in `damage` for the purposes of s1 of the Law Reform (Contributory Negligence) Act 1945. The parties agreed that Jacob J had not calculated the damages and interest, but the defendants cross appealed in relation to the measure of interest to be applied. Held: The plaintiff`s appeal was dismissed and the defendants` cross-appeal allowed.
650			_aCONTRIBUTORY NEGLIGENCE
650			_aDAMAGE
650			_aLAW REFORM (CONTRIBUTORY NEGLIGENCE) ACT 1945
650			_aMORTGAGE LENDERS
650			_aNEGLIGENT VALUATION
650			_aNYKREDIT MORTGAGE BANK PLC V EDWARD ERDMAN GROUP LTD
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942			_n0
948			_c31/03/1998
999			_c53645 _d53645