20 Dec 2007
GEOFFREY WAYNE CLARKSON AND ANOR V WHANGAMATA METAL SUPPLIES LIMITED AND ANOR CA CA139/06
- Citation
- openlaw-7262c074_ca75_4f24_a4cc_4f3c841b298f.pdf
- Court
- Court of Appeal
Compound interest can in principle be awarded as damages for breach of contract if it represents proved loss and satisfies Hadley v Baxendale remoteness rules, but such interest must be specifically pleaded and proved; on these facts the pleading and evidence were inadequate so compound interest was not recoverable and the simple interest award stands; lost profits from price increases were not foreseeable and therefore not recoverable.