STATE BANK OF NSW -V- DAVID WHITE & ANOR DS & L WHITE CARRYING PTY. LTD -V- DAVID WHITE & ANOR [2001] NSWSC 1068

New South Wales Supreme Court

CITATION : STATE BANK OF NSW -V- DAVID WHITE & ANOR DS & L WHITE CARRYING PTY. LTD -V- DAVID WHITE & ANOR [2001] NSWSC 1068 FILE NUMBER(S) : SC 013264/96; 020139/00 HEARING DATE(S) : 6,7,8,9,12,13,14,15,16 November 2001 JUDGMENT DATE : 23 November 2001

013264/96 STATE BANK OF NSW - Plaintiff DAVID WHITE - First Defendant LESLEIGH WHITE - Second Defendant/Cross Claimant PARTIES : 020139/00 DS & L WHITE CARRYING PTY LTD - Plaintiff DAVID S WHITE - First Defendant STATE BANK OF NSW - Second Defendant

JUDGMENT OF : Cooper AJ

COUNSEL : Mr. P. Dowdy - Plaintiff Mr. A McQuillen - Defendant In 013264/96 Abbott Tout Solicitors - Plaintiff SOLICITORS : McKell's Solicitors - 2nd Defendant/Cross Claim In 020139/00 McKell's Solicitors - Plaintiff Abbott Tout Solicitors - 2nd Defendant CATCHWORDS : Mortgage, Guarantee, Director's misconduct LEGISLATION CITED : Contracts Review Act Companies (NSW) Code S.229(1)(2) Buckeridge v Mercantile Credits 147 CLR 654 CASES CITED : Westpac Corp v Prelea 28 NSW LR 481 Drummond v NAB Butt. Prop. Rep 14985 Williams v State Bank unrep. 7.4.93 DECISION : In 013264/1996 Judgment for Plaintiff In 021391/2000 Judgment for Defendants

- 34 - THE SUPREME COURT OF NEW SOUTH WALES COMMON LAW DIVISION

COOPER A J 23 November, 2001.

13264/96 STATE BANK OF NSW LTS - v - D S WHITE & L WHITE