Ogilvie v Ferry [2010] NSWSC 379

New South Wales Supreme Court

CITATION : Ogilvie v Ferry [2010] NSWSC 379

HEARING DATE(S) : 19, 20 and 27 April 2010

JUDGMENT DATE : 30 April 2010

JURISDICTION : Equity

JUDGMENT OF : Hamilton AJ

DECISION : Plaintiffs entitled in case of sale of Unit 36 pursuant to the Mortgage to be subrogated to principal creditor's rights. Plaintiffs entitled to be indemnified by the Guarantors as to 100 per cent of their liability. Mortgagor entitled to possession of the property.

CATCHWORDS : GUARANTEE AND INDEMNITY [31] – Rights of surety – Against co-surety – Contribution – Surety who has received no benefit may be entitled to indemnity from co-sureties who have.

LEGISLATION CITED : Law Reform (Miscellaneous Provisions) Act 1965 s3

CATEGORY : Principal judgment

Aquilina Holdings Pty Ltd v Lynndell Ply Ltd [2008] QSC 57 Bofinger v Kingsway Group Ltd (2009) 239 CLR 269 Canas Property Co Ltd v KL Television Services Ltd [1970] 2 QB 433 Cochrane v Cochrane (1985) 3 NSWLR 403 Drew v Lockett (1863) 32 Beav 499; 55 ER 196 Duncan, Fox, & Co v The North and South Wales Bank (1880) 6 App Cas 1 Forder v Cemcorp Pty Ltd (2001) 51 NSWLR 486 CASES CITED : Friend v Brooker (2009) 83 ALJR 724; 255 ALR 601 Highland v Exception Holdings Pty Ltd (2006) 60 ACSR 223 Jessica Holdings Pty Ltd v Anglican Property Trust Diocese of Sydney (1992) 27 NSWLR 140 Official Trustee in Bankruptcy v Citibank Savings Ltd (1995) 38 NSWLR 116 Re Conley (trading as Caplan & Conley) Ex parte The Trustee v Barclays Bank Ltd [1938] 2 All ER 127 Registrar General v Gill NSWCA, 16 August 1994, unreported Saffron Sun Pty Ltd v Perma-Fit Finance Pty Ltd (in liq) (2005) 65 NSWLR 603 Siu Yin Kwan v Eastern Insurance Co Ltd [1994] 2 AC 199 Woolmington v Bronze Lamp Restaurant Pty Ltd [1948] 2 NSWLR 242