High Court Wellington
21, 22 November; 4 December 1950
Stanton J
21, 22 November; 4 December 1950
Stanton J
Vendor and Purchaser — Land Sales — Farm Land — Lease with Agreement to Purchase — Terms of Lease and Amount of Purchase-money approved by Land Sales Committee — Subsequent Agreement for Option to Purchase at Lower Price for Cash — Consent of Land Valuation Court thereto not sought — Agreement for Option to Purchase at less than Approved Price Enforceable — Approved Prices regarded as Maximum Prices only — Vendor not prohibited from accepting less than Approved Price — Servicemen's Settlement and Land Sales Act, 1943, ss 46, 50 (3) (b).
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