PricewaterhouseCoopers Legal v Perpetual Trustees Victoria [2007] NSWCA 271

This was a decision of the Court of Appeal. There were seven lots of land with demountable homes on them held as part of a community title estate. Interstar loaned thinking they were getting security over the pre-manufactured houses. However the houses were chattels owned by their occupants not fixtures owned by the borrower. Interstar sued its lawyers, PricewaterhouseCoopers Legal, and the valuer. Interstar won the argument and the lawyers and valuer were ordered to contribute 50:50 to the loss incurred.

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