Australia, Aug. 4 -- New South Wales Land and Environment Court issued text of the following judgement on July 4:
1. By Amended Statement of Claim filed 28 November 2024, the Plaintiffs claim $680,000 from the Defendant, being the outstanding amount of principal and interest, they contend is owed to them on a loan.
2. The particulars of the claim are that, in May 2010, the Plaintiffs made an oral agreement with the Defendant to lend the amount of $340,000 to assist the Defendant in purchasing a property at Canbelego in New South Wales ("the Property").
3. The agreement was that interest would be repayable on that sum at 10% per annum, calculated on a simple basis repayable at the end of the term. In other words, the total of principal an...