Crane Distribution Limited v Yang [2016] NSWSC 620

Supreme Court New South Wales

Medium Neutral Citation: Crane Distribution Limited v Yang [2016] NSWSC 620 Hearing dates: 7,8, 9, 10 &14 March 2016 Decision date: 13 May 2016 Jurisdiction: Common Law Before: Kunc J Decision: Plaintiff entitled to relief; cross-claim to be dismissed Catchwords: CONTRACTS – Construction and interpretation – Whether director signatory personally bound – Whether unjust where director familiar with the type of transaction and plaintiff's requirement for personal liability – Whether guarantor bound by statement of indebtedness of principal - Contracts Review Act 1988 Legislation Cited: Contracts Review Act 1980 (NSW) Conveyancing Act 1919 (NSW) Evidence Act 1995 (NSW) Real Property Act 1900 (NSW) Cases Cited: Clark Equipment Credit of Australia Ltd v Kiyose Holdings Pty Ltd (1989) 21 NSWLR 160 Commonwealth Bank of Australia v Oberdan [2000] SASC 428 Crane Distribution Ltd v Minnicelli [2013] NSWSC 1611; (2013) 17 BPR 32,593 Electricity Generation Corporation Limited v Woodside Energy Limited [2014] HCA 7; (2014) 251 CLR 640 Equus Corp Pty Ltd v Glengallan Investments Pty Ltd [2004] HCA 55; (2012) 218 CLR 471 King Investments Solutions v Hussain [2005] NSWSC 1076; (2005) 13 BPR 25,077 McGuinness v Norwich and Peterborough Building Society [2011] All ER(D) 63; [2011] EWCA Civ 1286 MIS Funding No 1 Pty Ltd v Beefeater Sales International Pty Ltd [2015] NSWSC 1109 Sabemo Pty Ltd v De Groote, Giles J, 28 March 1991, unreported, BC9102171 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd [2004] HCA 53; (2004) 219 CLR 165 at [42]-[48] White v Wills [2014] NSWSC 1160 Category: Principal judgment Parties: Crane Distribution Limited (Plaintiff) Sang Soo Yang (aka Steve Yang) (First Defendant) Soon Ja Yang (Second Defendant) The National Australia Bank Limited (Third Defendant) Hong Kong Noodle Cuisine Pty Ltd (CAN 109 443 950) (Fourth Defendant) Representation: Counsel: M. Condon SC and K. Josifoski (Plaintiff) D.P. O'Connor and F. Bustos-McNeil (First Defendant)