Ladstone Holdings Ltd v Leonora Holdings Ltd - [2006] 1 NZLR 211

Commercial law — Fair Trading Act 1986 — Whether silence through ignorance of fact misleading or deceptive — Fair Trading Act 1986, s 9.

Contract — Misrepresentation — Failure to accurately describe drain in contract for sale of land — Whether misrepresentation in fact or by silence — Whether reliance on misrepresentation — Whether misleading and deceptive conduct — Fair Trading Act 1986, s 9.

Contract — Mistake — Sale and purchase of land — Parties gave no thought to drain — Whether common mistake — Whether parties’ inadvertence sufficient — Contractual Mistakes Act 1977, s 6.

Property law — Transfer of property — Late settlement — Purchaser withholding funds — Whether balance payable — Whether interest payable.

Damages — Assessment — Method of calculating damages for negligent misstatement.

Tort — Negligence — Damages — Method of calculating damages for negligent misstatement.