1 Mar 2012
WESTPAC NEW ZEALAND LIMITED V LAMB & ANOR HC AK CIV 2011-404-005066
- Citation
- openlaw-02a5d6bf_0960_40be_b145_9c13f1c445ba.pdf
- Court
- High Court
Westpac took reasonable care under s 176 by commissioning independent valuations at the borrowers' suggestion, appointing experienced agents, conducting adequate and properly advertised marketing campaigns and auctions, and the sale prices achieved are reconcilable with valuations and market feedback; accordingly the defendants have no arguable defence and summary judgment is granted for Westpac for the specified sum with interest and solicitor–client costs.