Italia Holdings (Properties) Ltd v Lonsdale Holdings (Auckland) Ltd - [1984] 2 NZLR 1

Commercial law — Credit contracts — "Oppressive" - Finance company imposed condition on party seeking a loan that latter should agree to the purchase of certain land before the loan would be granted — Borrower, a property developer, later claimed land was overpriced — Borrower sought relief under the Credit Contracts Act claiming condition was oppressive — Whether condition was "oppressive" - Whether Court should re-open credit contract — Credit Contracts Act 1981, ss 3, 9, 10, 11, 12 and 14.