In re Mitchell New Zealand Insurance Company Limited v James - [1950] NZLR 85

Will — Devises and Bequests — Ademption — Construction — Gift of "my interest in the theatre known as the Palace Theatre and in the chattels contained therein at the time of my death" — Testatrix Owner of Half-share of Freehold and Chattels — Company formed later, Testatrix holding Half the Shares — Agreement for Sale and Purchase of All Shares — Sale uncompleted at Her Death — Gift of Generic Property — No Contrary Intention in Will — Gift not adeemed.