Fitzgerald v Watson [2011] NSWSC 736

Supreme Court New South Wales

Medium Neutral Citation: Fitzgerald v Watson [2011] NSWSC 736 Hearing dates: 16 June 2011 Decision date: 14 July 2011 Jurisdiction: Equity Division Before: Gzell J Decision: Mortgagee has made out entitlement to relief. Catchwords: MORTGAGES - Mortgages and Charges Generally - Rights and Liabilities of Mortgagor and Mortgagee - effect of signing mortgage documents without reading them - effect of accountant's certificate of ability to service loan - whether finance broker the agent of mortgagor or mortgagee - whether defendant mortgagor in a special position of disadvantage as against plaintiff mortgagee - whether provision entitling mortgagee to lodge a caveat applied to after acquired real property - whether mortgage unjust under the Contracts Review Act 1980, s 7(1) - whether Consumer Credit (New South Wales) Code applied - certificate signed that credit for business or investment - whether under s 11(2) of the code the conclusiveness of the certificate to be denied Legislation Cited: Conveyancing Act 1919 Contracts Review Act 1980 Consumer Credit (New South Wales) Code Cases Cited: Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd [2004] HCA 52; (2004) 219 CLR 165 Wilton v Farmworth [1948] HCA 20; (1948) 76 CLR 646 Con-Stan Industries of Australia Pty Ltd v Norwich Winterthur Insurance (Australia) Ltd [1986] HCA 14; (1985-1986) 160 CLR 226 Elkofairi v Permanent Trustee Co Ltd [2002] NSWCA 413 Composite Buyers Ltd v Soong [1996] NSWSC 3; (1995) 38 NSWLR 286 Troncone & Ors v Aliperti & Ors (1994) NSW ConvR 55-703 Coleman v Bone & Anor (1996) 9 BPR 97706 Perpetual Trustee Company Limited v Albert and Rose Khoshaba [2006] NSWCA 41; 14 BPR 98353 Category: Principal judgment Parties: Ronald Reginald Fitzgerald (Plaintiff) Kathleen Susan Watson (Defendant) Representation: A Chee (Plaintiff) R Newton (Defendant) Nugent Wallman & Carter (Plaintiff) Taylor & Scott Lawyers (Defendant) File Number(s): 2010/40995