9 Dec 2009
HICKMAN AND ORS V TURN & WAVE LIMITED & ORS HC AK CIV-2008-404-005871
- Citation
- openlaw-d05e56cb_e545_421a_b343_b5d9fe709b4b.pdf
- Court
- High Court
Monrad and, through it, Blue Chip sales agents were agents of TWL solely for the limited task of marketing and selling Bianco apartments; representations about Blue Chip or its investment products were made outside that limited scope and so do not bind TWL; Fair Trading Act and Securities Act claims fail for lack of relevant agency and because statutory exemptions apply; agreements for sale and purchase were not tainted by Blue Chip's illegality and plaintiffs have not validly cancelled their contracts, so plaintiffs' claims are dismissed.