10 Jul 2020
HEARTLAND BANK LTD v HILLEND STATION LTD [2020] NZHC 1658
- Citation
- [2020] NZHC 1658
- Court
- High Court
Heartland proved Hillend's indebtedness of $590,948.41 and entitlement under the guarantee; contractual protection/exclusion clauses (Part B cl 9.2 and security deed cl 11.1) precluded liability for losses alleged from the exercise of Heartland's rights, and Mr Haines failed to prove a quantifiable loss sufficient to defeat recovery; Heartland was entitled to recover contractual indemnity legal costs and interest, so judgment for plaintiff for the total sum of $754,266.84 was entered.