NSW Caselaw
New South Wales Supreme Court
CITATION : Challenger Group Holdings Ltd v Concept Equity Pty Ltd [2008] NSWSC 801
HEARING DATE(S) : 21, 22 July 2008
JUDGMENT DATE : 7 August 2008
JURISDICTION : Equity Division
JUDGMENT OF : Young CJ in Eq
DECISION : Plaintiff's claim dismissed. Verdict for the defendant for $2,051,500 plus interest.
CATCHWORDS : CONTRACTS [105]- Implied terms- Construction of introduction agreement- Agreement expressed two situations in which commission is payable, only one of which expressly included an element of causation- Whether implied term for the situation that does not expressly require causation that commission only payable if defendant's introduction an effective cause of transaction- Held that no such term is implied given inconsistency with express agreement. WORDS & PHRASES- "Carrying on business"- Single transaction ordinarily does not amount to carrying on business. WORDS & PHRASES- "Negotiate"- Held that introducing a party or transaction does not amount to negotiation for the sale, purchase or exchange or any other dealing with or disposition of businesses or professional practices.
Auctioneers, Stock and Station and Real Estate Agents Act 1941, s 3 LEGISLATION CITED : Property, Stock and Business Agents Act 1941, ss 3, 42 Property, Stock and Business Agents Act 2002, ss 3, 8, 9, cll 3, 14 of Schedule 1
Adams v Cape Industries plc [1990] BCLC 479 Brian Cooper & Co v Fairview Estates (Investments) Ltd (1987) 282 EG 18 Byrne v Australian Airlines Ltd (1995) 185 CLR 410 Colbron v St Bees Island Pty Ltd (1995) 56 FCR 303 David Leahey (Aust) Pty Ltd v McPherson's Ltd [1991] 2 VR 367 Esber v The Commonwealth (1992) 174 CLR 430 Farrell v Bannister (1952) 52 SR (NSW) 73 Fitzgerald v Masters (1956) 95 CLR 420 Free Lanka Insurance Co Ltd v Ranasinghe [1964] AC 541 G F Heublein & Brother Incorporated v Continental Liquers Pty Ltd (1962) 109 CLR 153 Green v Bartlett (1863) 32 LJ CP 261; 14 CB (NS) 681; 143 ER 613 Hills v University College Hospital Board of Governors [1956] 1 QB 90 CASES CITED : Luxor (Eastbourne) Ltd v Cooper [1941] AC 108 Maxwell v Murphy (1957) 96 CLR 261 Mercer v Dalley [1934] VLR 14 Midgley Estates Ltd v Hand [1952] 2 QB 432 Millar v Radford (1903) 19 TLR 575 Moneywood Pty Ltd v Salamon Nominees Pty Ltd (2001) 202 CLR 351 Okura & Co Ltd v Forsbacka Jernverks Aktiebolag [1914] 1 KB 715 Re Mac Gowan [1891] 1 Ch 105 Republic of Costa Rica v Erlanger (1876) 3 Ch D 62 Sims v Gawne [2005] NSWSC 750 The County Homesearch Co (Thames & Chilterns) Ltd v Cowham [2008] 1 WLR 909 Total (Australia) Ltd v Registrar of Companies [1969] VR 821 Tribe v Taylor (1876) 1 CPD 505 Tycoon Holdings Ltd v Trencor Jetco Inc (1992) 34 FCR 31
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