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South Australia Asset Management Corp v York Montague Ltd
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South Australia Asset Management Corp v York Montague Ltd : ウィキペディア英語版
South Australia Asset Management Corp v York Montague Ltd

''South Australia Asset Management Corpn v York Montague Ltd'' and ''Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd'' () (UKHL 10 ) is a joined English contract law case (often referred to as 'SAAMCO') on causation remoteness of damage. It arose out of the property crash in the early 1990s, whereby banks were suing valuers for overpricing houses in order to recover the lost market value. Owners themselves had often little or no money, since they had fallen victim to negative equity, so mortgage lenders would pursue a valuer instead to recover some losses.
==Facts==
In the South Australia case, a valuer had (in breach of an implied term to exercise reasonable care and skill) negligently advised his client bank that property which it proposed to take as security for a loan was worth much more than its actual market value. The question was whether he should be liable not only for losses attributable to the deficient security but also for further losses attributable to a fall in the property market. The House decided that he should not be liable for this kind of loss.

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