Pearce v Stevens - (1904) 24 NZLR 357

Vendor and Purchaser — Title — Want of — Rescission by Purchaser — Unsustainable Ground — Subsequent Discovery of Valid Ground — Effectiveness of Rescission — Mortgage — Power of Mortgagor to compel Acceptance of Principal — "The Property Law Consolidation Act, 1883," Section 50 — Specific Performance — Uncertainty — "Usual and Necessary Covenants" — Delay — Assets Realisation Board — Contract — Formalities of Execution — Regulation under Statute — "The Bank of New Zealand and Banking Act, 1895," Section 32.