24 Feb 2016
ALDRIE HOLDINGS LIMITED v CLOVER BAY PARK LIMITED [2016] NZHC 250
- Citation
- (2016) 17 NZCPR 127
- Court
- High Court
The Court found that Mr Prout made objectively misleading representations about effective area, average production and herd availability which, in the context and given the purchaser's enquiries, had the capacity to and did operate as a cause of Aldrie's loss under Fair Trading Act s9. The Court awarded damages for the reduction in value but reduced compensation by 50% for Aldrie's failure to undertake due diligence; there was insufficient evidence of dishonest or reckless conduct to establish deceit and insufficient evidence of representor intention to induce for liability under Contractual…