NSW Caselaw
New South Wales Court of Appeal
CITATION: Valstar v Silversmith; Valstar v Van Veizen [2009] NSWCA 80
HEARING DATE(S): 6 April 2009
JUDGMENT DATE: 20 April 2009
JUDGMENT OF: McColl JA at 1; Basten JA at 2; Sackville AJA at 3
DECISION: Valstar v Silversmith - 1. Appeal dismissed. 2. Appellant to pay the Respondent's costs of the appeal. Valstar v Van Veizen - 1. Appeal dismissed. 2. Appellant to pay the Respondent's costs of the appeal.
CATCHWORDS: MORTGAGES - whether guarantors liable to mortgagee as principal debtors - effect of principal debtor clause - GUARANTEE AND INDEMNITY - discharge of surety - whether variation of mortgage discharged surety - whether principal debtor clause excluded discharge
Contracts Review Act 1980 (NSW) LEGISLATION CITED: Conveyancing Act 1919 (NSW) Real Property Act 1900 (NSW) Trade Practices Act 1974 (Cth)
CATEGORY: Principal judgment
Andar Transport Pty Ltd v Brambles Ltd [2004] HCA 28; 217 CLR 424 Ankar Pty Ltd v National Westminster Finance (Australia) Ltd [1987] HCA 15; 162 CLR 549 Bridgestone Australia Ltd v GAH Engineering Pty Ltd [1997] 2 Qd R 145 Corumo Holdings Pty Ltd v C Itoh Ltd (1991) 24 NSWLR 370 Credit Lyonnais Australia Ltd v Darling (1991) 5 ACSR 703 CASES CITED: HAG Import Corpn (Aust) Pty Ltd v Krosnienskie Huty Szkla "Krosno" SA [2005] FCAFC 97 Pacific Brands Sport & Leisure Pty Ltd v Underworks Pty Ltd [2005] FCA 288 Re Taylor; Ex parte Century 21 Real Estate Corporation (1995) 130 ALR 723 Stadium Finance Co Ltd v Helm (1965) 109 Sol J 471 The Fletcher Organisation Pty Ltd v Crocus Investments Pty Ltd [1988] 2 Qd R 517 Tito v Waddell (No 2) [1977] 1 Ch 106 Wood Hall Ltd v Pipeline Authority [1979] HCA 21; 141 CLR 443
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