Morton-Jones v RB and JR Knight Ltd - [1992] 3 NZLR 582

Contract — Sale of land — Commercial premises — Vendor to arrange lease of premises to a tenant on a fixed rental for six years — In default vendor to take lease and guarantee payment of rent for 12 months or until a suitable tenant found — Correspondence recording subsequent variation — Letter acknowledged — Settlement effected — No reply to matters raised in correspondence — Whether contract had been varied by correspondence and subsequent settlement.

Equity — Estoppel — Sale of commercial property subject to vendor arranging lease for six years at fixed rental — Correspondence recording subsequent variation — Letter acknowledged — Settlement effected — No reply to matters raised in letter by correspondence or at settlement — Whether vendor estopped from relying on strict terms of lease.