NSW Caselaw
New South Wales Supreme Court
CITATION : Summer Hill Business Estate v Equititrust [2010] NSWSC 776 This decision has been amended. Please see the end of the judgment for a list of the amendments.
28 April 2010 HEARING DATE(S) : 28 May 2010 25 June 2010
JUDGMENT DATE : 30 July 2010
JURISDICTION : Equity
JUDGMENT OF : Pembroke J
DECISION : See judgment
CATCHWORDS : PROMISSORY ESTOPPEL - commercial parties - formal contract - inherent probabilities - commercial reality - caution required - PROMISSORY ESTOPPEL - no assumption found - alternatively assumption unreasonable - PROMISSORY ESTOPPEL - relevance of terms of contractual relationship - PROMISSORY ESTOPPEL - necessity for clear and unambiguous conduct - reliance unreasonable - EVIDENCE - conversations - reconstruction - unreliable - no corroboration - principles in Watson v Foxman (1995) 49 NSWLR 315 at 319 - CONTRACT - loan agreement - default interest - ELECTION - no inconsistent rights
CATEGORY : Principal judgment
Aneve Pty Limited & Ors v Bank of Western Australia Limited [2005] NSWCA 441 Austotel Pty Ltd v Franklins Self Serve Pty Ltd (1989) 16 NSWLR 582 Barnes v Addy (1874) LR 9 Ch at App 244 Central London Property Trust v High Trees House Ltd [1947] KB 130 Equuscorp Pty Ltd v Glengallen Investments Pty Ltd (2004) 218 CLR 471 Farah Constructions Pty Ltd v Say-Dee Pty Ltd (2007) 230 CLR at 89 For the Good Times Pty Ltd v Coltern Pty Ltd [2007] NSWSC 807 Franks v Equitiloan Securities Pty Ltdl [2008] NSWSC 33 Giumelli v Giumelli (1999) 196 CLR 101 CASES CITED : John Alexander's Clubs Pty Ltd v White City Tennis Club Ltd [2010] HCA 19 Legione v Hately (1983) 152 CLR 406 McMurtrie v Commonwealth of Australia [2006] NSWCA 148 NZI Securities v Avery (unreported) Supreme Court of Victoria, 24 May 1994 Sargent v ASL Developments Ltd (1974) 131 CLR 634 State Rail Authority (NSW) v Heath Outdoor Pty Ltd (1986) 7 NSWLR 170 Tanwar Enterprises Pty Limited v Cauchi (2003) 217 CLR 315 Waltons Stores (Interstate) Limited v Maher (1988) 164 CLR 387 Watson v Foxman (1995) 49 NSWLR 315 Westpac Banking Corporation v Kurobe Pty Ltd [2010] NSWSC 537
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