Poole and Another v Neely and Others - [1976] 1 NZLR 529

Deeds and other instruments — Escrow — Sale of hotel business with a grant of a sublease by vendors — Sublease executed by purchasers after striking out a clause delivered to vendors' solicitors with a cheque tendered on the terms that the sublease as amended be initialled by vendors — Vendors refused to initial and subsequently purported to exercise powers under debenture for non-payment of rent by purchasers.