Petterson v Duncan and Duncan - [1932] NZLR 787

Vendor and Purchaser — Rescission — Agreement for Transfer of Property and Payment of Value of Equity in Property not mutually dependent Stipulations — Purchaser's Actions premature — Effect of s 14 of the Discharged Soldiers Settlement Amendment Act, 1921–22 — Title — Property Law Act, 1908, s 70 — Payment off of a Mortgage to HM the King and Substitution of a Mortgage in Identical Terms to the Vendor sufficient Compliance with Vendor's Contract to give Transfer of Land subject to existing Mortgage.