NSW Caselaw
14 BPR 27, 195 Reported Decision : 2 ASTLR 276 74 NSWLR 662 [2009] NSW ConvR 56-241
New South Wales Supreme Court
CITATION : McManus RE Pty Ltd & Anor v Ward [2009] NSWSC 440
HEARING DATE(S) : 21 May 2009
JUDGMENT DATE : 21 May 2009
JURISDICTION : Equity Division
JUDGMENT OF : Palmer J
EX TEMPORE JUDGMENT DATE : 21 May 2009
DECISION : Defendant not trustee; Summons dismissed.
CATCHWORDS : TRUSTS – INTENTION TO CREATE – Plaintiffs paid holding deposit to Defendant pending exchange of contracts for purchase of land – Defendant agreed to repay if sale did not proceed – holding deposit paid into Defendant's general account – sale did not proceed – whether Defendant was trustee or merely debtor.
CATEGORY : Principal judgment
- Australian Elizabethan Theatre Trust, Re (1991) 30 FCR 491 - Barclays Bank Ltd v Quistclose Investments Ltd [1970] AC 567 - EVTR, Re; Gilbert v Barber [1987] BCLC 646 - Henry v Hammond [1913] 2 KB 515 CASES CITED : - Masters v Cameron ((1954) 91 CLR 353 - Salvo v New Tel Ltd [2005] NSWCA 281 - Twinsectra Ltd v Yardley [2002] 2 AC 164 - Typhoon 8 Research Limited v Sea Power Resources International Limited [2002] HKCA 365 - Walker v Corboy (1990) 19 NSWLR 382
McManus RE Pty Ltd (First Plaintiff) PARTIES : Peter John McManus (Second Plaintiff) Mervyn John Ward (Defendant)
FILE NUMBER(S) : SC 2782/08
COUNSEL : J.L. Trew QC, A.E. Maroya (Plaintiffs) M. Orlov (Defendant)
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