New Zealand Breweries Limited v Alexandre and Others - [1972] NZLR 867

Property law — Mortgage — Remedies of mortgagee — Sale of hotel subject to mortgage — Interest in arrear — Sale through Registrar — Provisional hotel premises licence not forming part of security — Mortgagee and purchaser both believed licence sold with the premises — Action by mortgagor for negligent disposal of licence — Mortgagee acted bona fide and not trustee for mortgagor — Property Law Act 1952, ss 97, 99.

Statutes — Interpretation — Construction with reference to context and subject-matter — Definition of "land" "liberties" does not include hotel premises licence — Land Transfer Act 1952, s 2.