Dennis Joseph Gardiner and Hutia Monica Gardiner v Westpac New Zealand Limited - SC 133/2014

Summary

Civil Appeal – Whether the mortgagee sale was substantially below the statutory and common law criteria of best price – Whether the sale was arguably unlawful being made to Westpac’s real estate agent’ s licensed salesperson responsible for selling the property – Whether the proceeds of the two mortgagee sales arguably fully repaid the loan but guarantee quantum issues were not summarily determined nor capable of being properly determined on appeal.  [2014] NZCA 537  CA  264/2013

Result

A The application for leave to appeal is dismissed.
B The applicants must pay the respondent costs of $2,500 together with disbursements (to be fixed if necessary by the Registrar).  
9 March 2015

Related Documents

Additional Information

GARDINER v WESTPAC NEW ZEALAND LIMITED CA263/2013 [2014] NZCA 537 7 November 2014