Catchpole v Burke - [1974] 1 NZLR 266

Sale of land — Position of parties — Pending completion property destroyed by fire — Under contract risk remained with vendor — Purchaser selling to subpurchaser — Vendor liable to reinstate reselling — Equitable interests of purchaser and subpurchaser.

Property law — Real property — Land Transfer Act — Interests of vendor as registered proprietor and equitable interests of purchaser and subpurchaser — Caveat lodged by subpurchaser not maintainable — Registered proprietor not a party to subpurchase — Land Transfer Act 1952, s 41.