Bevin v Smith - [1994] 3 NZLR 648

Contract — Conditions — Contract for sale and purchase of farm land conditional upon consent of Land Valuation Tribunal — Failure to make application for approval within prescribed time — Whether contract should be validated under Illegal Contracts Act 1970 - Considerations relevant to exercise of Court's discretion — Illegal Contracts Act 1970, s 7(3).

Equity — Equitable interest in land — Conditional contract for sale and purchase of farm land — Failure to apply for Land Valuation Tribunal consent within prescribed time — Contract becoming unlawful — Whether purchaser has an equitable interest prior to contract becoming unlawful.