Federal Court of Australia
CATCHWORDS FRAUD - sale of business - feasibility studies - non-disclosure of accounts - alleged misrepresentation as to income, expenditure and profit. TRADE PRACTICES - sale of business - representations as to projected gross profit margins - whether vendor had reasonable grounds for making representations NEGLIGENCE - sale of business - disclaimer of liability for error or omissions in feasibility study - whether due skill and competence required in preparation RESTRAINT OF TRADE - sale of supermarket - vendor entitled to issue notice that purchaser buy stock from a nominee - whether arrangement a reasonable restraint of trade - right had not been exercised Trade Practices Act 1974 (Cth) ss51A, 52 Restraints of Trade Act 1976 (NSW) s4 Abalose v Australian Postal Commission (1990) 171 CLR 167 Adamson v New South Wales Rugby League Ltd (1991) 31 FCR 242 Amoco Australia Pty Limited v Rocca Bros Motor Engineering Co Pty Ltd (1973) 133 CLR 288 Attorney-General of the Commonwealth of Australia v The Adelaide Steamship Co Ltd [1913] AC 781 Atwood v Lamont [1920] 2 KB 146 A. Buckle & Son Pty Ltd v McAllister (1986) 4 NSWLR 426 Douglass Automated Laboratories & Allied Services Pty Ltd v Sonic Technology Australia Ltd [1994] ATPR (Digest) ¶46-129 Esso Petroleum Co Ltd v Harper's Garage (Stourport) Ltd [1968] AC 269 Gerathy v Minter (1979) 142 CLR 177 Hedley Byrne & Co Ltd v. Heller & Partners Ltd [1964] AC 465 Herbert Morris Ltd v Saxelby [1916] 1 AC 688 Howard F Hudson Pty Limited v Ronayne (1972) 126 CLR 449 Lezam Pty Limited v. Seabridge Australia Pty Ltd (1992) 35 FCR 535 Lindner v Murdock's Garage [1950] 83 CLR 628 Louth v Diprose (1992) 175 CLR 621 Nordenfelt v Maxim, Nordenfelt Guns & Ammunition Company Limited [1894] AC 534 Orton v Melman [1981] 1 NSWLR 583 Owners of SS Montestroom v Owners of SS Sagaporack [1927] AC 37 Trawl Industries of Australia Pty Ltd v Effem Foods Pty Ltd (1992) 27 NSWLR 326 Watson v Prager [1991] 1 WLR 726 Wright v Gasweld [1991] 22 NSWLR 317 MICHAEL TREVOR GREENHALGH & ORS v COMPOSITE BUYERS LIMITED & ANOR NG 852 of 1994 Davies, Einfeld & Sackville JJ Sydney 31 May 1995
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