Herbison v Papakura Video Ltd (No 2) - [1987] 2 NZLR 720

Contract — Damages — Misrepresentation — Vendor submitted that contract was illegal being an agreement to defraud the revenue by inflating values so as to claim higher depreciation — Whether contract was illegal — Whether capital loss and trading loss on the one hand and loss of profits on the other amounted to double recovery — Whether accountancy and legal fees may be recovered. — Liability for misrepresentation having been established ([1987] 2 NZLR 527) purchaser sought damages for loss of capital value, trading losses, loss of profits and wasted expenditure comprising accountancy and legal fees