Kimberley Securities Limited v Esber [2008] NSWCA 301

New South Wales Court of Appeal

CITATION: Kimberley Securities Limited v Esber [2008] NSWCA 301

HEARING DATE(S): 13/11/08

JUDGMENT DATE: 25 November 2008

JUDGMENT OF: Allsop P at 1; Macfarlan JA at 1; Gyles AJA at 10

DECISION: Appeal dismissed with costs.

CATCHWORDS: MORTGAGES - Construction - whether mortgages in suit secured liability of mortgagors as guarantors or principal indebtedness of third party - where mortgages interdependent upon another agreement and executed at the same time as the documents including a mortgage - Construction - extent to which extrinsic circumstances can be taken in to account in construing mortgages - Surety - whether mortgages ought to be construed in favour of mortgagors as sureties

CATEGORY: Principal judgment

Andar Transport Pty Ltd v Brambles Ltd [2004] HCA 28; (2004) 217 CLR 424 Ayoub v Euphoric Pty Ltd [2004] NSWCA 457; (2004) 12 BPR 22,735 Bank of Scotland v Dunedin Property Investment Co Ltd 1998 SC 657 Codelfa Construction Pty Ltd v State Rail Authority of NSW [1982] HCA 24; (1982) 149 CLR 337 Ermogenous v Greek Orthodox Community of SA Inc [2002] HCA 8; (2002) 209 CLR 95 Energy World Corporation Ltd v Maurice Hayes and Associates Pty Ltd [2007] FCAFC 34; (2007) 239 ALR 457 CASES CITED: Fitzgerald v Masters (1956) 95 CLR 420 Gardiner v Agricultural and Rural Finance Pty Ltd [2007] NSWCA 235 Kooee Communications Pty Ltd v Primus Telecommunications Pty Ltd [2008] NSWCA 5 Pacific Carriers Ltd v BNP Paribas [2004] HCA 35; (2004) 218 CLR 451 Prenn v Simmonds [1971] 1 WLR 1381 Royal Botanic Gardens and Domain Trust v South Sydney City Council [2002] HCA 5; (2002) 76 ALJR 436; 186 ALR 289 Toll (FGCT) Pty Limited v Alphapharm Pty Limited [2004] HCA 52; (2004) 219 CLR 165