14 Jul 2017
CORRICK v SILICH [2017] NZHC 1630
- Citation
- [2017] NZHC 1630
- Court
- High Court
No binding contract arose: advertising an 'open tender' constituted an invitation to treat, the management group lacked authority to accept the 19 December offer on behalf of the syndicate, the 19 December offer was not validly accepted by the named vendors, no concluded agreement existed; plaintiffs' fiduciary duty claims fail (no pleaded or proven breach by First–Fifth), Corrick breached fiduciary duty by placing himself in conflict though no loss resulted; tortious interference and conversion claims fail; plaintiffs' claims dismissed.