BE v YV [2014] NZDT 558 (22 May 2014) [pdf, 65 KB]
...trusting YV as a friend. [6] However, I am not persuaded on the evidence that the loans were made to YV or that YV was personally liable under the loan agreement. The moneys were paid directly into ABC’s bank account and to ABC’s suppliers. In requesting that the loans be made, YV appears to have been acting on behalf of ABC in his role as director. [7] I accept that BE was at least in part motivated by his friendship with YV when he made the loans. As an employee of ABC, BE ma...