Grand Metal Pty Ltd v Nashco Pty Ltd [2021] NSWSC 1005

Supreme Court New South Wales

Medium Neutral Citation: Grand Metal Pty Ltd v Nashco Pty Ltd [2021] NSWSC 1005 Hearing dates: 2 - 4 August 2021 Decision date: 12 August 2021 Jurisdiction: Equity - Commercial List Before: Stevenson J Decision: Summons to be dismissed; judgment to be entered in favour of the cross-claimant against the first cross-defendant; cross-summons to be otherwise dismissed Catchwords: CONTRACT – sale of goods – whether implied term of contract that credit to $1,400,000 would be available – whether vendor estopped from denying such credit – cross-claim against guarantors – assignment of guarantee – nature of interest assigned GUARANTEE AND INDEMNITY – cross-claim against guarantors – assignment of guarantee – nature of interest assigned Cases Cited: Andar Transport Pty Ltd v Brambles Ltd (2004) 217 CLR 424; [2004] HCA 28 Byrne & Frew v Australian Airlines Ltd (1995) 185 CLR 410; [1995] HCA 24 Dasreef Pty Ltd v Hawchar (2011) 243 CLR 588; [2011] HCA 21 Norman v Commissioner of Taxation (1963) 109 CLR 9; [1963] HCA 21 Oceanic Sun Line Special Shipping Co Inc v Fay (1988) 165 CLR 197; [1988] HCA 32 Surfstone Pty Ltd v Morgan Consulting Engineers Pty Ltd [2017] 2 Qd R 66; [2016] QCA 213 Toll (FGCT) Pty Ltd v Alphafarm Pty Ltd (2004) 219 CLR 165; [2004] HCA 52 Waltons Stores (Interstate) Ltd v Maher (1988) 164 CLR 387; [1988] HCA 7 Texts Cited: J D Heydon, Heydon on Contract (2019, Thomson Reuters) Category: Principal judgment Parties: Grand Metal Pty Ltd (Plaintiff/First Cross-Defendant) Nashco Pty Ltd (Defendant/Cross-Claimant) Tun Yang (Second Cross-Defendant) Yingjia Fu (Third Cross-Defendant) Yihui Zheng (Fourth Cross-Defendant) Lui Yin Ko (Fifth Cross-Defendant) Representation: Counsel: A J Greinke (Plaintiff/First Cross-Defendant) J Sleight (Defendant/Cross-Claimant) A J Macauley with S J Murray (Second, Third, Fourth and Fifth Cross-Defendants)