CAC 409 v Wong [2018] NZREADT 8 [pdf, 220 KB]
...by way of example, defalcation of client’s money would be a failure to exercise management responsibility over the agent. [39] Mr Mortimer submitted that the principle of management responsibility is supported by the judgment of the Court of Appeal in Barfoot & Thompson v Real Estate Agents Authority3 (concerning an agency’s policy as to managing agents’ and salespersons’ conflicts of interest). He also referred to the decision of the Tribunal in...