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Supreme Court of New Zealand Wellington
SC105/2009; [2010] NZSC 90
15 June; 23 July 2010
Elias CJ, Blanchard, Tipping, McGrath and Anderson JJ
SC105/2009; [2010] NZSC 90
15 June; 23 July 2010
Elias CJ, Blanchard, Tipping, McGrath and Anderson JJ
Contract — Conditions — Contract for sale of land — Area specified and clause providing “must not be less than” — Whether essential term — Considerations in deciding whether term essential — Whether time for performance essential.
Contract — Cancellation — Contract for sale of land — Area less than specified minimum on agreed settlement date — Whether gave rise to right to cancel — Whether cancellation available in advance of settlement date — Contractual Remedies Act 1979, s 7(4)(a) and (b).