D & D Property Holdings Pty Ltd v Davidovic Holdings Pty Ltd [2012] NSWDC 162

District Court New South Wales

Medium Neutral Citation: D & D Property Holdings Pty Ltd v Davidovic Holdings Pty Ltd [2012] NSWDC 162 Hearing dates: 18 and 19 September 2012 Decision date: 26 September 2012 Jurisdiction: Civil Before: Gibson DCJ Decision: (1) Judgment for the plaintiff for the sum of $232,033.68. (2) Second defendant to pay the plaintiff's costs. (3) Exhibits retained for 28 days. (4) Liberty to restore re costs and interest. Catchwords: GUARANTEE - action against surety - defence that agreement signed by director of company as director, and not in personal capacity - whether terms of guarantee ambiguous or void for uncertainty - whether guarantee unenforceable for want of consideration Legislation Cited: Evidence Act 1995 (NSW), ss 131(2) Cases Cited: Alonso v SRS Investments (WA) Pty Ltd [2012] WASC 168 Andar Transport Pty Ltd v Brambles Ltd (2004) 217 CLR 424 Ankar Pty Ltd & Arnick Holdings Ltd v National Westminster Finance (Australia) Ltd (1987) 162 CLR 549 Ariadne Steamship Co v James McKelvie & Co [1922] 1 KB 518 Bleyer v Neville Jeffress Advertising Pty Ltd (New South Wales Court of Appeal, Kirby P, Hope and Mahoney JJA, 15 December 1987, unreported) Clark Equipment Credit of Australia Ltd v Kiyose Holdings Pty Ltd (1989) 21 NSWLR 160 Delaney v Purves [1930] QWN 6 Follacchio v Harvard Securities (Aust) Pty Ltd [2002] FCA 1067 Howhua Steel Door Frames Pty Ltd v O'Leary [2008] NSWSC 1185 Marston v Charles H Griffith & Co Pty Ltd (1982) 3 NSWLR 294 McKay v National Australia Bank Ltd [1998] 1 VR 173 National Commercial Banking Corporation of Australia Ltd v Cheung (1983) 1 ACLC 1326 NEC Information Systems Australia Pty Ltd v Linton (1985) NSW ConvR 55-240 Padstow Corporation Pty Ltd v Fleming (No. 2) [2011] NSWSC 1572 Palindrome Holdings Pty Ltd v Wass [2009] NSWSC 797 Prosilis v Double Bay Newspapers Pty Ltd [2000] NSWCA 30 Scottish Amicable Life Assurance Society v Reg Austin Insurances Pty Ltd (1985) 9 ACLR 909 Smart v Australia and New Zealand Banking Group Ltd [2002] VSCA 111 SWV Pty Ltd v Spiroc Pty Ltd (2006) 201 FLR 238 Texts Cited: S. E. Jones, "One size fits all: when 'unsigned' lease guarantees can still bind company directors: Padstow Corp Pty Ltd v Fleming (No 2) [2011] NSWSC 1572" (2012) 26(6) APLB 74 Category: Principal judgment Parties: Plaintiff: D & D Property Holdings Pty Ltd First Defendant: Davidovic Holdings Pty Ltd Second Defendant: Michael Davidovic (aka Miroslav Davidovic) Third Defendant: Sylvana Davidovic Representation: Plaintiff: Mr A Williamson (solicitor) Third Defendant: Mr M Badarne (solicitor) Plaintiff: Williamson Isabella Lawyers Third Defendant: Good Legal Pty Ltd File Number(s): 2010/324890 Publication restriction: None