Greenhalgh, M.R. & Ors v. Composite Buyers Ltd & Anor [1994] FCA 886

JUDGMENT No. 1.259. TE.

IN-_THE FEDERAL COURT OF AUSTRALIA Ww. W. TRY ) NG 638 of 1992 ) GENERAL DIVISION ) MICHAEL TREVOR GREENHALGH First Applicant LEONIE ANNE GREENHALGH Second Applicant M & L GREENHALGH PTY LIMITED Third Applicant COMPOSITE BUYERS LIMITED

First Respondent

PAYLESS SUPERBARN (NSW) PTY

LIMITED Second Respondent Coram: Whitlam J Place: Sydney Date: 23 November 1994 CORRIGENDUM

Amendment to the reasons for judgment of Justice Whitlam. 1. Page 13, line 3, replace "Waters" with "Watson"; 2. Page 14, line 20, replace "Fowler" with "Hilton"; 3. Page 14, line 21, replace "Fowler" with "Hilton";

4. Page 15, line 5, replace "Fowler" with "Hilton";

5. Page 15, line 14, replace "Fowler" with "Hilton";

ORINCIP,

SEGISTRY 3 on Far . "wat La ad

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6. Page 15, line 17, replace "Fowler" with "Hilton';

7. Page 16, line 9, replace "Fowler" with "Hilton";

8. Page 16, line 10, replace "Fowler" with "Hilton";

9. Page 16, line 14, replace "Fowler" with,/"Hilton". Associate to Justice Whitlam

Date: 19 December 1994

JUDGMENT No. sano Sal 2.

CATCHWORDS

FRAUD - sale of business - whether vendor represented that past financial statements do not exist - alleged musrepresentation as to gross profit margins - no point of principle.

TRADE PRACTICES - sale of business - representation as to projected gross profit margins - whether vendor had reasonable grounds tor making representation - no point of principle.

Trade Practices Act 1974, ss 51A and 52

Michael Trevor Greenhalgh and Ors v. Composite Buyers Limited and Anor No. NG 638 of 1992

Coram: Whitlam J Place: Sydney Date: 23 November 1994

23 NOV 1994

FEDERAL COURT Or AUSTRALIA

PRINCIPAL REGISTRY

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY No. NG 638 of 1992

eee ee ee

GENERAL DIVISIO.

MICHAEL TREVOR GREENHALGH First Applicant

LEONIE ANNE GREENHALGH Second Applicant