Perpetual Trustees Victoria Ltd v Kirkbride & anor [2009] NSWSC 377

New South Wales Supreme Court

CITATION : Perpetual Trustees Victoria Ltd v Kirkbride & anor [2009] NSWSC 377

HEARING DATE(S) : 6 - 8 April 2009

JUDGMENT DATE : 14 May 2009

JURISDICTION : Common Law

JUDGMENT OF : R A Hulme J

DECISION : Judgment for the plaintiff against the first and second defendants and an order for a warrant of possession of the three properties. Cross claim dismissed.

CATCHWORDS : MORTGAGES - mortgages and charges generally - remedies of the mortgagee - claim for possession of land - CONTRACTS - general contractual principles - discharge, breach and defences to action for breach - Contracts Review Act - whether contract unjust - borrower deferred to husband and signed documents without reading - claimed understanding that mortgage affected investment properties but not family home - whether lender adopted prudent lending practice - LoDoc loan - whether lender imprudent in acting on declarations of borrowers - whether pure asset lending - absence of evidence of contract being entered - inferences to be drawn in absence of witnesses

LEGISLATION CITED : Contracts Review Act 1980 Real Property Act 1900

CATEGORY : Principal judgment

Elkofairi v Permanent Trustee Co Ltd [2002] NSWCA 413; (2003) Aust Contract Reports Garcia v National Australia Bank (1998) 194 CLR 395 Kowalczuk v Accom Finance [2008] NSWCA 343 Perpetual Trustee Company Limited v Albert and Rose Khoshaba [2006] NSWCA 41 CASES CITED : Riz v Perpetual Trustee Australia Ltd [2007] NSWCS 1153 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd 219 CLR 165; [2004] HCA 52 West v AGC Advances Limited (1986) 5 NSWLR 610 Wilton v Farnworth [1948] HCA 20; (1949) 76 CLR 646 Yerkey v Jones (1939) 63 CLR 649