Leslie Peter Sole v Benjamin Nuele Akari [2007] NSWSC 1022

New South Wales Supreme Court

CITATION : Leslie Peter Sole v Benjamin Nuele Akari [2007] NSWSC 1022

HEARING DATE(S) : 5 September 2007

JUDGMENT DATE : 5 September 2007

JURISDICTION : Equity Division

JUDGMENT OF : McDougall J at 1

DECISION : See paragraphs [17] and [18] of judgment

CATCHWORDS : TORRENS SYSTEM – Caveat – Whether unregistered mortgage has sufficient interest when mortgage taken after all advances made – Whether forbearance to sue is sufficient consideration for grant of mortgage.

LEGISLATION CITED : Real Property Act (1900)

Earl of Lucan, Re; Hardinge v Cobden (1880) 45 Ch D 470 CASES CITED : Depsun Pty Ltd v Tahore Holdings Pty Ltd (1990) 5 BPR 11 King Investment Solutions v Hussain [2005] NSWSC 1076

Leslie Peter Sole (Plaintiff) PARTIES : Benjamin Nuele Akari (First Defendant) Kathryn Dolores Akari (Second Defendant)

FILE NUMBER(S) : SC 3998/07

COUNSEL : J A Darvall (Plaintiff) D A Allen (First and Second Defendants)

SOLICITORS : Bizannes & Associates Solicitors (Plaintiff) Hancocks Solicitors (First and Second Defendants)

IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION

McDOUGALL J

5 September 2007 (ex tempore – revised 5 September 2007)

3998/07 LESLIE PETER SOLE v BENJAMIN NUELE AKARI JUDGMENT 1 HIS HONOUR: The plaintiff claims to have lent sums of money totalling about $130,000 to the first defendant, and claims also to have made advances to or for the benefit of the second defendant (who is the wife of the first defendant). I am concerned only with the position as between the plaintiff and the first defendant.