Loading... Please wait...
High Court Wellington
CIV 2005-404-4394
27, 28, 29, 30 November, 1 December 2006; 17 May 2007
Rodney Hansen J
CIV 2005-404-4394
27, 28, 29, 30 November, 1 December 2006; 17 May 2007
Rodney Hansen J
Commercial law — Guarantee — Company principal guaranteeing loans to purchase machines — Ownership transferred to company within same group with lender’s consent — Whether lender estopped from enforcing guarantees.
Commercial law — Personal property securities — Registered security interest over paving machine — Machine onsold — Whether sale by seller in ordinary course of business of seller — Personal Property Securities Act 1999, s 53.
Tort — Duty of care — Accountant employed by group of companies — Whether owed duty of care to principal to ensure loans repaid.