NSW Caselaw
New South Wales Supreme Court
CITATION : Spina v Conran Associates Pty Ltd; Spina v M & V Endurance Pty Ltd [2008] NSWSC 326
HEARING DATE(S) : 3 & 4 April 2008
JUDGMENT DATE : 14 April 2008
JURISDICTION : Equity
JUDGMENT OF : Austin J
DECISION : See under heading "Conclusions"
CATCHWORDS : PRINCIPAL AND AGENT - general power of attorney - clause permitting acts whereby a benefit is conferred on attorney - whether attorney was authorised to enter into transactions for the benefit of his business and to the detriment of the grantor - REAL PROPERTY - Torrens System - whether mortgage purportedly executed on behalf of mortgagor by attorney in excess of power confers indefeasible title on mortgagee when registered - whether mortgagor can assert personal equity to remove mortgage from register - EQUITY - unconscionable dealings - solicitor for mortgagees allows transactions to go ahead knowing age of mortgagor, financial position of mortgagor's son and that the transactions will benefit the son's business and cause detriment to the mortgagor - CONTRACTS - unjust contracts - Contracts Review Act - whether, in these circumstances, mortgage loans were unjust contracts - GUARANTEE - wife guarantees mortgagor's obligations at request of husband - wife's practice is to sign business documents whenever requested by husband - where the guarantee an unconscionable dealing or unfair contract
Contracts Review Act 1980 (NSW), s 7 LEGISLATION CITED : Conveyancing Act 1919 (NSW), s 163B and Schedule 7 Powers of Attorney Act 2003 (NSW), s 5 Real Property Act 1900 (NSW), ss 41, 42, 43
Australia & New Zealand Banking Group Ltd v Karam (2005) 64 NSWLR 149; [2005] NSWCA 344 Bryant, Powis, and Bryant, Ltd v La Banque Du Peurple and The Quebec Bank [1893] AC 170 Challenger Managed Investments Ltd v Direct Money Corporation Pty Ltd (2003) 59 NSWLR 452; [2003] NSWSC 1072 Commonwealth Bank of Australia v Cohen (1998) ASC para 55-681 Garcia v National Australia Bank Ltd (1998) 194 CLR 395 Grgic v Australia & New Zealand Banking Group Ltd (1994) 33 NSWLR 202 Hambro v Burnand [1904] 2 KB 10 Hodges v Montgomery [1916] VLR 90 Jorss v United Dominions Corporation Ltd [1981] Lost & NZ Conv Rep 123 Katsaitis v Commonwealth Bank of Australia (1957) 5 BPR 12,049 Mercantile Mutual Life Insurance Co Ltd v Gosper (1991) 25 NSWLR 32 Permanent Trustee Ltd v FAI General Ltd (2003) 214 CLR 514 CASES CITED : Perpetual Trustees Ltd v TSAI [2004] NSWSC 745 PT Ltd v Maradona Pty Ltd (1991) 25 NSWLR 643 Re GM Industries Pty Ltd and the Companies Act (1980) ACLC 40-665 Reckitt v Barnett Pembroke and Slater Ltd [1928] 2 KB 244 Sargent v ASL Developments Ltd (1974) 131 CLR 634 Small v Gray [2004] NSWSC 97 Smits v Roach [2006] HCA 36, (2006) 228 ALR 262 Story v Advance Australia Bank Ltd (1993) 31 NSWLR 722 Sweeney v Howard [2007] NSWSC 852 Tobin v Broadbent (1947) 75 CLR 378 Turner v Windever [2005] NSWCA 73 Tyson v Commonwealth Bank of Australia (Supreme Court of New South Wales, Giles J, unreported, 13 December 1989; BC8901343) Vassos v State Bank of South Australia [1992] V Conv R para 54-443 Vatcher v Paull [1915] AC 372
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