Permanent Custodians Limited v Leybourne [2009] NSWSC 288

New South Wales Supreme Court

CITATION : Permanent Custodians Limited v Leybourne [2009] NSWSC 288

HEARING DATE(S) : 23-27 March 2009 inclusive

JUDGMENT DATE : 20 April 2009

JURISDICTION : Common Law

JUDGMENT OF : Michael Grove J

DECISION : Judgment for Plaintiff Judgment for Cross Defendant on Cross Claim

CATCHWORDS : POSSESSION OF LAND - Claim by mortgagee - Identity of entity with whom borrower dealt - Whether deed necessary to implement loan agreement - Sufficiency of acknowledgement by initials on parts of documents - Authority of solicitor to sign agreement on behalf of lender - Whether mortgage relevantly altered - Incorporation of conditions by reference to memorandum filed in Land Titles Office - Property valuation submitted by borrower now challenged as to assessment - Amount of advance excluding relief under hardship provisions of Consumer Credit Code - Agreement and terms neither unjust in terms of Code or Contracts Review Act - Debit of enforcement expenses to borrower's account - Untenable cross claim - Entitlement of plaintiff to judgment demonstrated

LEGISLATION CITED : Australian Securities & Investments Commission Act 2001 Real Property Act 1900

CATEGORY : Principal judgment

Beneficial Finance Ltd v Karibas (1991) 25 NSWLR 256 Charles v Parkinson [2000] FCA 1467 Equuscorp Pty Ltd v Glengallan Investments (2004) 218 CLR 471 Jones v Dunkel (1959) 101 CLR 298 Kingsley's Chicken Pty Ltd v Queensland Investment Corporation [2005] ACTSC 117 Masters v Cameron (1932) 91 CLR 335 CASES CITED : New Hart Builders Ltd v Brindley 1975 1 All ER 1007 Nguyen v Taylor (1992) 27 NSWLR 48 Pianta v Nation Finance & Trustees Ltd (1964) 180 CLR 146 Provident Capital Ltd v Printy [2008] NSWCA 131 Riganese v M & B Farmer Nominees [2008] SADC 99 Riz v Perpetual Trustees Australia Ltd [2007] NSWSC 1153 Toll (FGCT) Pty Ltd v Alphapharm Pty Limited (2004) 219 CLR 165 West v AGC (Advances) Ltd (1986) 5 NSWLR 610