Jolly v Palmer - [1985] 1 NZLR 658

Contract — Misrepresentation — Unconditional contract for purchase of house property — Government valuation misrepresented to purchaser by real estate agent — Purchaser applied unsuccessfully for mortgage finance — Whether misrepresentation entitled purchaser to cancel — Whether purchaser later affirmed the contract — No settlement — Vendor obtained new offer — Whether vendor was entitled to cancel and claim damages for loss on resale — Contractual Remedies Act 1979, ss 7 and 8.