Nykredit Mortgage Bank plc v Edward Erdman Group Ltd
Language: English Series: Estates Gazette ; (1995) 02 EG 110-114(5)Publication details: 1995Subject(s): Summary: CA 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| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS54414 (Browse shelf(Opens below)) | 1 | Available | 10186-1001 |
CA 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