Spengler Management Ltd v Tan - [1995] 1 NZLR 120

Contract — Formation — Document and correspondence recording understanding between parties concerning sale and purchase of valuable land — Basic required consents not adverted to — Document referring to preparation of formal agreement by solicitors — Whether parties intended to be bound prior to completion of formal agreement — Whether valid agreement for sale and purchase — Land Settlement Promotion and Land Acquisition Act 1952, s 25 — Overseas Investment Act 1973 — Illegal Contracts Act 1970 — Land Transfer Act 1952, s 143.

Property law — Caveats — Document and correspondence recording understanding between parties concerning sale and purchase of valuable land — Basic required consents not adverted to — Document referring to preparation of formal agreement by solicitors — Whether parties intended to be bound prior to completion of formal agreement — Whether valid agreement for sale and purchase to support caveat — If agreement valid whether it was repudiated — Effect of Land Settlement Promotion and Land Acquisition Act 1952 and Overseas Investment Act 1973 on transaction — Land Settlement Promotion and Land Acquisition Act 1952, s 25 — Overseas Investment Act 1973 — Illegal Contracts Act 1970 — Land Transfer Act 1952, s 143.