National Westminster Finance New Zealand Ltd v United Finance & Securities Ltd - [1988] 1 NZLR 226

Tort — Negligence — Duty of care — First mortgagee exercised power of sale and subsequent mortgagee claimed that sale was made at inadequate price — Whether first mortgagee owed a duty of care to subsequent mortgagee.

Damages — Assessment — Damages for breach by mortgagee exercising power of sale of his duty of care to subsequent mortgagee — Whether Court may take into account contingency that premium interest provisions may later be set aside under the Credit Contracts Act 1981.