7 May 2009
COLL & ORS V LAKES STATION PARTNERSHIP HC CHCH CIV-2007-409-000225
- Citation
- openlaw-7fd0155c_32ff_42c6_b739_36c115aaff30.pdf
- Court
- High Court
The court held that (1) the brochure and agent's 3500–4000 stock unit statements were opinions honestly held and reasonably based and did not amount to actionable misrepresentations; (2) agent's remarks preferring 3500 were within that opinion and not a factual guarantee; (3) statements about irrigation continuous operation and river inflow did not induce purchase because buyers were told to consult the installer and expert responses were equivocal; (4) the brochure's statement of 'huge potential when fully developed' was an opinion not reasonably grounded for the claimed extent and did misle…