Laing v Lanron Shelf Company No 56 Ltd - [1994] 1 NZLR 562

Contract — Enforcement — Subdivisional development — Agreement to sell sections — Consideration expressed to be consultancy services previously provided — No such services provided — Different consideration subsequently alleged — Whether specific performance available when real consideration is different from expressed consideration.

Property law — Caveats — Caveat lodged to protect interest under agreement for purchase of sections — Agreement lacking consideration — Registration of mortgage subject to caveat — Caveat withdrawn when parties entered into subsequent agreement — Replacement caveat lodged — Whether priority of caveat over subsequent mortgage lost upon withdrawal.