|Source:||All England Reporter|
|Publisher Citation:|| All ER (D) 21 (Oct)|
|Court:||Court of Appeal, Civil Division|
Schiemann, Arden and Dyson LJJ
|Representation||Christopher Spratt (instructed by Abrahamson & Associates) for the claimant.|
|Ivan Clarke (instructed by Kenneth Beavis & Co, Chelmsford) for the defendants.|
|Judgment Dates:||2 October 2002|
Sale of land - Transaction at undervalue - Meaning of undervalue - First and second defendants agreeing transfer of property to third and fourth defendants - Contract providing for transfer of property to third and fourth defendants already in existence - Claimant contending transfer made at an undervalue - Whether existence of contract having effect on valuation - s 423(1).