O'Connor v Heaslip - [1989] 1 NZLR 632

Contract — Sale of land — Credit contract — Vendor sold land to purchaser with deferred settlement and with collateral lease of land to purchaser until settlement — Purchaser defaulted on settlement and sought refund of deposit and rental paid claiming that transaction was a credit contract — Whether transaction was a credit contract — Whether introduction of purchaser to the transaction by a real estate agent made it a controlled credit contract — Whether the lease was a separate credit contract — Whether purchaser was entitled to a refund — Whether vendor was entitled to damages for repudiation of contract — Credit Contracts Act 1981, ss 2, 3, 4, 15, 22 and 23.