LCRO 239/2016 RY v P AN and T AN (25 September 2018) [pdf, 314 KB]
...risk that the builder might become insolvent before settlement of the purchase due on completion of the new house, Mr RY recommended that the combined deposits of $41,250 (the deposit) be held by an independent stakeholder until then. [5] By email the following morning, 4 July 2013, Mrs AN informed the builder of Mr RY’s recommendation and forwarded Mr RY’s 3 July advice letter to the builder. In response that morning the builder proposed, in effect, that when Mr and Mrs AN...