G E Commercial Corporation (Australia) Pty Ltd v Trustee of the Property of Terry Stephen White & Penelope Eva White, as bankrupts [2001] NSWCA 444

Reported Decision : 53 NSWLR 513

New South Wales Court of Appeal

CITATION : G E Commercial Corporation (Australia) Pty Ltd v Trustee of the Property of Terry Stephen White & Penelope Eva White, as bankrupts [2001] NSWCA 444 FILE NUMBER(S) : CA 40279/01 HEARING DATE(S) : 31/10/01 JUDGMENT DATE : 31 October 2001

PARTIES : G E Commercial Corporation (Australia) Pty Ltd (Appellant) Trustee of the Property of Terry Stephen White and Penelope Eva White, as bankrupts (Respondent) JUDGMENT OF : Stein JA at 1, 25, 27; Young CJ in Eq at 2-24; Mathews AJA at 26

LOWER COURT JURISDICTION : Supreme Court - Equity Division LOWER COURT 4688/00 FILE NUMBER(S) : LOWER COURT Windeyer J JUDICIAL OFFICER :

COUNSEL : M Ashhurst (A) J T Johnson (R) SOLICITORS : Dibbs Barker Gosling (A) Donovan Oates Hannaford (R) CATCHWORDS : MORTGAGE- Bill of Sale- Statutory requirement that consideration be stated- What "consideration" is covered- Whether document stated consideration for the bill- Held "No"- Bill invalid. (D) LEGISLATION CITED : Bills of Sale Act 1898, s 5C(2) Burns v McFarlane (1940) 64 CLR 108 Charlesworth v Mills [1892] AC 231 Clements v Colley [1936] VLR 200 CASES CITED: Danby v The Australian Financial Agency & Guarantee Co (1872) 18 VLR 303 Hughes v Little (1886) 18 QBD 32 Monsell v Team Link Management Pty Ltd (1997) 8 BPR 15401 O'Connor v Quinn (1911) 12 CLR 239 Tobias v QDL Ltd [1999] NSWCA 343 DECISION : Leave to appeal granted. Appeal dismissed with costs.