Walsh v Kerr - [1989] 1 NZLR 490

Contract — Damages — Assessment — Measure of damages in contract for misrepresentation — Assessment in absence of precise evidence of value of loss — Hotel had been purchased subject to a lease on the representation that performance of the tenant's obligations was fully guaranteed by a substantial public company — After settlement, purchaser ascertained that the guarantee had been varied to release the guarantor if the lease was assigned to an acceptable assignee — Whether quantum should be increased — Contractual Remedies Act 1979, s 6. — No appeal from High Court Judge's finding that innocent misrepresentation had induced entry into contract (see [1987] 2 NZLR 166) - Purchaser appealed against Judge's award of $10 damages