Small & Ors v Gray & Ors [2004] NSWSC 97

New South Wales Supreme Court

CITATION : Small & Ors v Gray & Ors [2004] NSWSC 97 HEARING DATE(S) : 11 February 2004, 12 February 2004 JUDGMENT DATE : 5 March 2004

JUDGMENT OF : McDougall J at 1 DECISION : See paras [118], [119], [120] of judgment

CATCHWORDS : CONTRACTS - Contracts Review Act 1980 (NSW) - whether contract of mortgage unjust - whether contract existed for the purposes of the Act - effect of forgery - section 9 - whether procedural injustice - whether substantive injustice - section 7 - whether relief should be granted - EQUITY - unconscionability - whether unconscionable where personal circumstances of the respondent not known to the claimant - whether nature of the transaction unconscionable Contracts Review Act 1980 LEGISLATION CITED : Consumer Credit Code Real Property Act 1900 Katsaitis v Commonwealth Bank of Australia (1987) 5 BPR 12,049 PT Ltd v Maradona Pty Ltd (1991) 25 NSWLR 643 Permanent Trustee Co Ltd v Frazis [1999] NSWSC 319 Baltic Shipping Company v Dillon: The "Mikhail Lermontov" (1991) 22 NSWLR 1 Elkofairi v Permanent Trustee Co Ltd (2003) 11 BPR 20, 841 CASES CITED : West v AGC (Advances) Ltd (1986) 5 NSWLR 610 Nguyen v Taylor (1992) 27 NSWLR 48 Collier v Morlend Finance Corporation (Vic) Pty Ltd (1989) ASC 55-716 Beneficial Finance Corporation Ltd v Karavas (1991) 23 NSWLR 256 Elders Rural Finance Ltd v Smith (1996) 41 NSWLR 296 Esanda Finance Corp Ltd v Tong (1997) 41 NSWLR 482 Judith Ann Small, Graham Douglas Owens, Helen Margaret Owens, Beth Moore, Douglas Walter Lack, Margaret Elaine Lack, Neil Mathie and Elizabeth Mathie PARTIES : v Jarrod Ian Gray, Katrina Elaine Gray, Rodney James Gray and Kristine Robyn Gray FILE NUMBER(S) : SC 11590/02 M W Young (Plaintiffs) COUNSEL : P B Walsh (Defendants 3 & 4) E G H Cox (for Registrar-General)