24 Apr 2023
PGG WRIGHTSON REAL ESTATE LTD v ROUTHAN [2023] NZCA 123
- Citation
- (2023) 24 NZCPR 97
- Court
- Court of Appeal
The Court of Appeal allowed the appeal in part: the agent's disclaimer did not exclude liability for the misrepresentation, the Fair Trading Act claim was not time-barred, deceit was not established, but the recoverable loss was limited to the overpayment for the farm attributable to the misstatement measured at the transaction date; downstream forced sale losses, wasted capital expenditure and interest stemming from subsequent business decisions were outside PGG's scope of duty; damages were assessed at NZD 300,000 plus interest from settlement; cross-appeal dismissed.