5 Apr 2023
TADD MANAGEMENT LIMITED v WEINE [2023] NZHC 764
- Citation
- (2023) 24 NZCPR 1
- Court
- High Court
The Court held the ISA and the Information Memorandum statements operated as representations of fact (not mere non‑actionable opinion) in context, the representations that the Property was 60% NBS and had a "good" NBS rating were incorrect and induced the plaintiff to buy; plaintiff reasonably relied on them and suffered loss; NZCEL's ISA was prepared within a defensible range of professional judgment and the contractual limitation on NZCEL's liability was enforceable under s5D of the Fair Trading Act; damages for the plaintiff were assessed by difference in value, and common mistake was an a…