Damages – Contract - Tort - Trade practices - Breach of contract and negligent provision of advice - Misleading and deceptive conduct - Respondent relied on valuation advice from appellant in purchasing commercial premises - Risk of decline in market value of premises from competing business not taken into account in advice - Whether damages assessed at date of contract to purchase premises or only once risk eventuated - Whether damages based on "true value" or "market value" of premises at date of contract - Whether assessment of "true value" at date of contract includes subsequent events - Purpose of damages under Trade Practices Act 1974 (Cth), s 82.
Words and phrases "true value" – "real value", "market value", "contingent loss", "actual loss".
Trade Practices Act 1974 (Cth) – ss 51A, 52(1), 82.
Judgment date
Case number
B99/2003
Before
Gleeson CJ, McHugh, Gummow, Kirby, Heydon JJ
Catchwords