28 Jan 2016
ALLAN ROY MCCOLLUM v THOMPSON [2016] NZHC 28
- Citation
- [2016] NZHC 28
- Court
- High Court
The GSA selected Option 1 and by its express terms confined the security to the livestock specifically listed in the schedule annexed to the GSA; therefore progeny and subsequently acquired livestock were not secured. The receivers breached the statutory duty under s19 Receiverships Act 1993 by failing to make reasonable enquiries (including readily available recorded breeding/production data) and by selling the recorded herd to the plaintiffs at an undervalue; plaintiffs are liable in conversion for uplifted animals that were not secured and defendants recover damages for those animals and c…