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Court of Appeal Wellington
23 October; 1 November 1990
Richardson, Somers and Bisson JJ
23 October; 1 November 1990
Richardson, Somers and Bisson JJ
Property law — Whether assignment intended as outright sale or as security only — Whether parol evidence admissible to show the true nature of the transaction — Whether equitable principles imply a right of redemption.
Contract — Credit contracts — Deed of assignment for agreements for sale and purchase of land — Whether transaction not being a loan was nevertheless a credit contract — Credit Contracts Act 1981, ss 3(1)(a) and (4).