Teal Investments Ltd v Higham Motors (1975) Ltd - [1982] 2 NZLR 123

Transport and transport licensing — Motor vehicle dealers — Claim by finance company from fidelity fund — Dealer had completed bogus conditional purchase agreements and assigned these purported agreements to a finance company by way of mortgage in return for advances — Dealer went into liquidation and finance company sought payment of the unpaid instalments from the fidelity fund — Whether finance company was able to recover from fidelity fund — Motor Vehicle Dealers Act 1975, ss 39 and 89.