Tuesday, 30 March 2010

Duty of care owed to beneficial owner - Times Online

Duty of care owed to beneficial owner - Times Online
This will be of interest to the many family trusts in New Zealand who own leaky homes. I will do a longer note later but read the article where the English Court of Appeal has recently affirmed that the

" the defendant, in breach of duty damaged the property, he would be liable not merely for the physical loss of that property but also for the foreseeable consequences of that loss, such as the extra expenditure to which the beneficial owner was put or the loss of profit which he incurred."

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