Orsborn v CAC 20006 & Collier & JVL Prestige Realty Ltd[2013] NZREADT 69 [pdf, 72 KB]
...too high level. There was certainly negligence by the second respondents in those respects. [44] The licensees thought that the roll value of the 9.5 acres was $460,000 but should have realised it had been reduced to $435,000. The Terms of Sale permitted vendor bidding. The licensees did explain to the appellants that a substantial section was being subdivided off the 9.5 acres and retained by the vendors. [45] Inter alia, Mr Stewart submits that to suggest that the appellants wer...