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Practice – Pre-trial or post-judgment relief. The claimant lender claimed damages against the defendant valuers for negligently valuing a partly-built residential (the property). The defendant denied the claim and sought summery judgment. The Chancery Division allowed the application on the basis that the losses claimed by the claimant had been attributable to the existing indebtedness the monies advanced to the claimant and already outstanding at the time of the new loan facility and had not been caused by any negligence of the defendant in the November valuation.
Practice – Pre-trial or post-judgment relief. The claimant lender claimed damages against the defendant valuers for negligently valuing a partly-built residential (the property). The defendant denied the claim and sought summery judgment. The Chancery Division allowed the application on the basis that the losses claimed by the claimant had been attributable to the existing indebtedness the monies advanced to the claimant and already outstanding at the time of the new loan facility and had not been caused by any negligence of the defendant in the November valuation.
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