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Supreme Court of New Zealand Wellington
SC 31/2007; [2008] NZSC 20
22 November 2007; 8 April 2008
Elias CJ, Blanchard, Tipping, McGrath and Anderson JJ
SC 31/2007; [2008] NZSC 20
22 November 2007; 8 April 2008
Elias CJ, Blanchard, Tipping, McGrath and Anderson JJ
Agency — Relationship with principal — One of several borrowers obtaining signatures of other borrowers to loan documentation — Whether agent of lender — Whether lender liable for unlawful act of borrower.
Agency — Authority of agent — Whether and when principal liable for unlawful act of agent — Forgery of signatures agent supposed to obtain — Whether principal liable for forgery.
Property law — Mortgage — Fraud — Fraud by new registered proprietor — Whether mortgage indefeasible — Land Transfer Act 1952, s 62.