Written loan agreement (agreement) under which the First Defendant (Lender) lent the First Plaintiff (Borrower) a large sum of money to enable the First Plaintiff to complete the acquisition of real property (the Property) which it was intended to on-sell at a profit in which they would share
Where on one scenario contemplated by the agreement (which scenario arose) profit would be determined on the basis of market value defined in the agreement as the market value of the Property determined by a licenced real estate valuer selected by the Lender
Case Details
Citation[2024] NSWSC 535
CourtNSWSC
JurisdictionNew South Wales
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