Boote v Brake - [1992] 3 NZLR 136

Property law — Vendor and purchaser — Agreement for sale and purchase — Interest-free vendor mortgage subject to interest for late payment — Vendors in default in providing clear title — Whether purchaser liable for interest on unpaid purchase money — Whether mortgagor liable for interest on unpaid principal.

Property law — Mortgage — No interest provision for term of advance but for late payment — Mortgagee unable to provide title at time for redemption — Whether mortgagor liable for interest for late payment of principal.