Prasad v Keith Hay Homes Ltd - [1997] 1 NZLR 363

Contract — Formation — Implied terms — Whether parol evidence admissible to connect related documents — Whether parties intended to be bound only upon execution of formal documents — Effect of payment of deposit — Contracts Enforcement Act 1956, s 2.

Contract — Sale of land — Whether parties intended to be bound only upon execution of formal documents — Effect of payment of deposit — Caveat — Whether caveatable interest created — Whether sufficient connecting memoranda created to satisfy Contracts Enforcement Act 1956 — Whether Court has discretion to refuse upholding caveat even if caveatable interest established — Contracts Enforcement Act 1956, s 2.

Evidence — Admissibility — Whether parol evidence admissible to connect related documents — Whether sufficient writing to include all terms of bargain to satisfy requirements of Contracts Enforcement Act 1956 — Contracts Enforcement Act 1956, s 2.