Rick Dees Ltd v Larsen - [2007] 3 NZLR 577

Property law — Vendor and purchaser — Payment by bank cheque specified by vendor — Purchaser paid by electronic transfer but notification of payment not received by vendor until after deadline — Whether purchaser entitled to specific performance — Whether vendor validly cancelled agreements.

Contract — Payment — Whether settlement complete upon lodgment of the funds or notification also required — Contractual Remedies Act 1979, s 7.