Broadlands Finance Ltd v Shand Miller Musical Supplies Ltd - [1976] 2 NZLR 124

Bills of sale and instruments by way of security — Capacity and authority of parties — Instrument by way of security over chattels — Purchaser under hire purchase agreement executing an instrument by way of security to a third party over chattels the subject matter of the hire purchase agreement to secure a loan — Instrument invalid — Chattels Transfer Act 1924, s 24.

Sale of goods — Effects of contract — Title to property under hire purchase agreement not passing to purchaser until all moneys paid — Sale of Goods Act 1908, ss 19, 20.