Target Holdings v Redferns [1995]

Facts

  • The defendant solicitor held money in his client account for the claimant, to be released upon completion of a property purchase
  • The solicitor released some of the money early, making a significant personal profit

Issue

  • Was the solicitor liable for the profit?

Decision

  • No

Reasoning

  • Although there was a breach of fiduciary duty, it would not have changed the financial position of the claimant had it not occurred
  • The loss did not result from the defendant’s act
RELATED CASE  Kimber v Barber (1872)

Posted in Commercial Law Revision Notes.

This page was last updated on 31st December 2014

© 2020 Webstroke Law - Terms and Privacy Policy