16641 Lecture Notes - Lecture 6: Pyramid Building Society, Loke Yew, Moral Turpitude
Document Summary
It is not necessarily fraud to register an interest in land with knowledge of an unregistered interest leros v terara. Inconsistent results in the case law in this area. Leros pty limited v terara pty limited (1991) 174 clr 407. National commercial banking corporation of australia v hedley (1984) nsw conv r 55- Grgic v anz bank (1994) 33 nswlr 202. Bank of sa v ferguson (1998) 192 clr 248. Assets co ltd v mere roihi (1905) ac 176. Waimiha sawmilling co v waione timber co (1923) nzlr 1137: followed in australia in pyramid building society (in liq) v scorpion hotels pty ltd. Equitable fraud: bahr v nicolay (no 2) mason cj and dawson j: not all species of equitable fraud stand outside the concept of statutory fraud". In summary: two situations: rp become registered through the agent"s fraudulent activity ( respondeat superior") Was conduct within actual or apparent authority: agent has knowledge.
