Interchase Corporation Ltd v ACN 010 087 573 Pty Ltd & Ors [2001] QCA 191

TORTS - NEGLIGENCE - ESSENTIALS OF ACTION FOR NEGLIGENCE - DUTY OF CARE - REASONABLE FORESEEABILITY OF DAMAGE - PARTICULAR CASES - AFFECTING PARTICULAR PROFESSIONS OR OCCUPATIONS - Valuers - where the price of a contract was to be determined by the average of two valuations to be performed by valuers who were not parties to the contract - whether the valuers could be held liable for negligence

TORTS - NEGLIGENCE - ESSENTIALS OF ACTION FOR NEGLIGENCE - WHERE ECONOMIC OR FINANCIAL LOSS - CARELESS ACTS OR OMISSIONS

TORTS - NEGLIGENCE - CONTRIBUTORY NEGLIGENCE - GENERALLY - whether the conduct of the plaintiff had contributed to the resulting loss

APPEAL AND NEW TRIAL - APPEAL - GENERAL PRINCIPLES - EXCESSIVE OR INADEQUATE DAMAGES - whether damages assessed by the trial judge were excessive

TORTS - NEGLIGENCE - APPORTIONMENT OF RESPONSIBILITY AND DAMAGES - GENERALLY

INTEREST - RATE OF INTEREST AND COMPOUND INTEREST - RATE IN OTHER CASES - whether the trial judge's assessment of interest was correct

Arenson v Arenson [1977] AC 405, followed

Bily v Arthur Young & Co (1992) 834 P 2d 745, distinguished

BT Australia Ltd v Raine & Horne Pty Ltd [1983] 3 NSWLR 221, considered

Bushwall Properties Ltd v Vortex Properties Ltd [1975] 1 WLR 1649, considered

Cann v Willson (1888) 39 Ch D 39, considered

Colbert v Beard [1992] 2 Qd R 67, considered

Credit Alliance v Arthur Anderson & Co (1985) 483 NE 3d 110, considered

Esanda Finance Corporation Limited v Peat Marwick Hungerfords (1997) 188 CLR 241, considered

Finnegan v Allen [1943] KB 425, distinguished

Glanzer v Shepard (1922) 233 NY 236; 135 NE 275, followed

Gollin & Co Ltd v Karenlee Nominees Pty Ltd (1983) 153 CLR 155, distinguished

Gould v Vaggelas (1985) 157 CLR 215, considered

Haines v Bendall [1991] HCA 15; (1991) 172 CLR 60, applied

Hedley Byrne & Co v Heller & Partners [1963] UKHL 4; [1964] AC 465, applied

Hill v Van Erp (1997) 188 CLR 159, considered

Holt v Cox [1997] NSWSC 144; (1997) 23 ACSR 590, considered

Jenkins v Betham [1855] EngR 179; (1855) 15 CB 168, considered

Kemp v John Fairfax & Sons Pty Ltd (1952) 69 WN (NSW) 328, distinguished

Kenny & Good Pty Ltd v MQICA (1992) Ltd [1999] HCA 25; (1999) 73 ALJR 901, followed

Legal and General Life of Australia Ltd v A Hudson Pty Ltd (1985) 1 NSWLR 314, followed

Lister v Romford Ice & Cold Storage Ltd [1956] UKHL 6; [1957] AC 555, considered

Mutual Life & Citizens Assurance Co v Evatt [1968] HCA 74; (1968) 122 CLR 556, considered

Reid Hewitt & Co v Joseph [1918] AC 717, considered

Serisier Investments Pty Limited v English [1989] 1 Qd R 678, followed

Ultramares Corporation v Touche (1931) 174 NE 441, considered

Williams v Natural Life Health Foods Ltd [1998] UKHL 17; [1998] 1 WLR 830, distinguished

Wylie v The ANI Corporation Limited [2000] QCA 314, Appeal No 4092 of 1999, 4 August 2000, considered

D Jackson, with J McKenna and K Barlow for the respondent