Kean v Dunfoy - [1952] NZLR 611

Vendor and Purchaser — Intending Purchaser paying Deposit but No Terms of Agreement settled — Agreement prepared and signed by Vendor and sent to Purchaser — Purchaser's Acceptance of Terms of Agreement not communicated to Vendor until Twelve Months Later — Resale by Vendor in Meantime — No Existing Contract for Sale and Purchase — No Obligation on Vendor to give Notice to Purchaser or to take Any Other Step before assuming, after Lapse of Reasonable Time, Negotiations at End.