Cuckmere Brick Company Ltd v Mutual Finance Ltd

JurisdictionEngland & Wales
JudgeLORD JUSTICE SALMON,LORD JUSTICE CROSS,LORD JUSTICE CAIRNS
Judgment Date25 February 1971
Judgment citation (vLex)[1971] EWCA Civ J0225-4
Date25 February 1971
CourtCourt of Appeal (Civil Division)
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379 cases
6 firm's commentaries
  • IFI Update London, August/Octber 2008 - Part 1
    • United Kingdom
    • Mondaq United Kingdom
    • 9 October 2008
    ...[1993] AC 295) and to obtain the best price reasonably obtainable in the circumstances (see Cuckmere Brick Co. Ltd v. Mutual Finance Ltd [1971] Ch 949 and Silven Properties Ltd v. Royal Bank of Scotland plc [2003] EWCA Civ 1409, [2004] 1 WLR 997. For a recent discussion of this in the conte......
  • Insolvency Team ' Recent Insolvency Case Update
    • United Kingdom
    • Mondaq UK
    • 27 December 2021
    ...claimed damages from the receivers of '400,000 for the shortfall. Held The court referred to Cuckmere Brick Co v Mutual Finance [1971] 2 All ER 633, highlighting that mortgagees (and receivers) owe a duty when exercising a power of sale to take reasonable steps to obtain 'the true market va......
  • Insolvency Team ' Recent Insolvency Case Update
    • United Kingdom
    • Mondaq UK
    • 27 December 2021
    ...claimed damages from the receivers of '400,000 for the shortfall. Held The court referred to Cuckmere Brick Co v Mutual Finance [1971] 2 All ER 633, highlighting that mortgagees (and receivers) owe a duty when exercising a power of sale to take reasonable steps to obtain 'the true market va......
  • Challenging Receivers Insolvency Sales Of Property
    • United Kingdom
    • Mondaq United Kingdom
    • 26 July 2013
    ...at the best price reasonably available, and this duty is not delegable (as per the ruling in Cuckmere Brick Co Ltd v Mutual Finance Ltd [1971] Ch 949). Kitchin LJ held that although a court appointed receiver has no interest in the property (and therefore is, in that sense, similar to a tru......
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14 books & journal articles
  • The barbados companies act, cap. 308 and receivers' duties
    • Barbados
    • Caribbean Law Review No. 6-1, June 1996
    • 1 June 1996
    ...353, 354. See also Tomlin v. Luce (1888) 51 Ch D. 573; (1889)43 Ch.D 191. 37 [1913] A.C. 299, 311. 38 [1955] Ch. 634, 651 and 662. 39 [1971] Ch. 949. 40 [1983] 3 All E. R. 54. 41 [1982] 3 All E.R. 938. This case was followed in American Express International Banking Corp. v. Hurley [1985) 3......
  • Receivership
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...from 135 Raja v Austin Gray (a firm) [2002] EWCA Civ 1965, [2003] Lloyds Rep PN 126; see also Cuckmere Brick Co Ltd v Mutual Finance Ltd [1971] Ch 949. 136 IA 1986, s 46(2) (applied without modification by LLP Regulations 2001, reg 5). 137 IA 1986, s 47(1) (applied without modification by L......
  • Table of Cases
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...576 Cox v Hickman 11 ER 431, (1860) 8 HL Cas 268 191, 192 Croftbell Ltd, Re [1990] BCC 781 112 Cuckmere Brick Co Ltd v Mutual Finance Ltd [1971] Ch 949 215, 237 Cupit, Re [1996] BPIR 560 89 Cyclemakers Co-operative Supply Company v Simms [1903] 1 KB 477 156 D’Jan of London Ltd, Re [1994] 1 ......
  • Table of cases
    • Canada
    • Irwin Books Personal Property Security Law - Third Edition
    • 26 July 2022
    ...Program (1994), 163 AR 96, 27 Alta LR (3d) 122, [1994] AJ No 897 (QB) ............... 674 Cuckmere Brick Co Ltd v Mutual Finance Ltd, [1971] Ch 949 (CA) ................ 706 Cycle Products Distributing Co, In Re, 12 UCC Rep Serv 2d 889 (Bankr SD Ill 1990)..........................................
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