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Peter the Real Estate Developer

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Peter the Real Estate Developer

Assessment Information

Case Study

You are needed to scan the subsequent case study and prepare a one,200 (+- 10%) word assignment following the IRAC structure

Peter the Real Estate Developer

developer. He develops residential housing complexes within the Wollongong

local area. He purchases an outsized block of land for $2 million and plans to make an outsized housing

complex on the block at a substantial profit. however Wollongong Council denies his development
 
application on the premise of a road widening proposal which will considerably scale back the scale of the
block. This road widening proposal reduces the worth of the block of Peter’s land to $1 million.

Peter obtained a council certificate from Wollongong Council before he purchased the
 
block of land. He reviews the knowledge within the certificate. If the block of land had been subject to a road widening proposal then it ought to are disclosed by Wollongong Council within the certificate. there's no such revelation within the certificate. As Peter didn’t trouble to scan the certificate before he purchased the land, he's alleviated to seek out the council has created this error. He on the Q.T. is aware of that if Wollongong Council had been careful and enclosed the road widening revelation within the certificate, he wouldn't have seen it and gone ahead with the land purchase anyway.

Peter currently desires to sue Wollongong Council in negligence for economic loss. Wollongong Council
 
claims that negligence solely applies to physical actions, not written words, and is barely applicable to
 
physical injury to folks or their property, not economic loss.
 
Advise Peter.


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