Mighell & Anor v Gargoura & Ors [2009] NSWSC 248

New South Wales Supreme Court

CITATION : Mighell & Anor v Gargoura & Ors [2009] NSWSC 248

HEARING DATE(S) : 13 to 17 October 2008

JUDGMENT DATE : 3 April 2009

JURISDICTION : Equity Division

JUDGMENT OF : Palmer J

DECISION : Judgment for Plaintiff under Contracts Review Act for compensation equal to loss of Plaintiffs' equity in property.

CATCHWORDS : CONTRACTS REVIEW ACT – UNCONSCIONABLE CONDUCT – Plaintiffs in financial need – First Defendant enters into series of contracts whereby he purchases Plaintiffs' property at substantially less than market value – whether unconscionable conduct – whether relief may be given under Contracts Review Act.

Contracts Review Act 1980 (NSW) – s 7(1), s 8, s 9, Schedule 1 Conveyancing Act 1919 (NSW) – s 66ZG LEGISLATION CITED : Employees Liability Act 1991 (NSW) – s 3 Fair Trading Act 1987 (NSW) – s 68, s 72 Residential Tenancies Act 1987 (NSW) Trade Practices Act 1974 (Cth) – s 82

CATEGORY : Principal judgment

- Andrews v Racken Pty Ltd [2007] NSWSC 1010 - Bakarich v Commonwealth Bank of Australia [2007] NSWCA 169 - Beneficial Finance Corp Ltd v Karavas (1991) 23 NSWLR 256 - Blomley v Ryan (1956) 99 CLR 362 - Holloway v Witham (1990) 21 NSWLR 70 CASES CITED : - Jarvis v Swans Tours Ltd [1973] QB 233 - Permanent Trustee Co of New South Wales Ltd v Bridgewater [1936] 3 All ER 501 - Perpetual Trustee Company Ltd v Khoshaba [2006] NSWCA 41 - Riz v Perpetual Trustee Australia Ltd [2007] NSWSC 1153 - St George Bank Ltd v Trimarchi [2004] NSWCA 120 - West v AGC (Advances) Ltd (1986) 5 NSWLR 610