Rabson v Lance Real Estate CC and Another (3762/2008)
Rabson v Lance Real Estate CC and Another (3762/2008) [2011] ZAWCHC 258 (8 June 2011)
The court found that the agent made material and fraudulent misrepresentations to the plaintiff regarding the price and status of unit 703, inducing the plaintiff to contract at a higher price. The agent concealed the prior sale to Dr Lazard and the true developer price of R3.1 million, instead representing the price as R3.9 million. The developer was held vicariously liable for the agent's misrepresentations, in line with established authority. The appropriate measure of damages was the difference between the price paid and the true price, plus increased transfer costs. The claim for additio…
Source excerpt
- Fraudulent Misrepresentation
- Vicarious Liability
- Estate Agent Liability
- Damages Calculation
- Sectional Title Sale