000			01797cab a2200289 4500
001			ABS54414
008			090401t1995 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u10186
041			_aeng
245			_aNykredit Mortgage Bank plc v Edward Erdman Group Ltd
260			_c1995
350			_a0
490			_aEstates Gazette _v(1995) 02 EG 110-114(5)
520			_aCA 12 April 1995. Appeal by defendants (E) against a judgment awarded to the plaintiffs (N) in their claim for damages arising out of a valuation provided by E. E were asked to value a property by N, who, on the strength of the valuation of £3.5m for a disused factory, lent £2.45m to Lionhill Properties (L), who bought the property for £3.7m. Subsequently L defaulted under the loan agreement, and the property was sold by receivers for £345,000. N sued E for negligence and breach of contract in their valuation, and N were awarded damages in the High Court. E appealed, as to both liability and damages; the appeal to damages joined with others which was determined by the CA; (See Abs52613 "Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd"). E continued appeal against liability, contending that if they arrived within a range of figures that might be reported by a valuer exercising reasonable skill and care, it did not matter that they may have been negligent in carrying out the
650			_aBANQUE BRUXELLES LAMBERT SA V EAGLE STAR INSURANCE CO LTD
650			_aFALLING MARKET
650			_aFALLING VALUES
650			_aLIONHILL
650			_aNEGLIGENCE
650			_aRESIDUAL VALUATION
650			_aSECURED LOAN
650			_aVALUERS
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
690			_aRATING AND VALUATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c6404 _d6404