Watson v Healy Lands Limited - [1965] NZLR 511

Contract — Defences to action for breach of contract — Modification of terms agreed to — Whether variation or waiver — Test to be applied — Elements of waiver

Sale of land — Land purchased under agreement — Purchaser making default in payment of part of deposit — Whether vendor entitled to rescind without giving prior notice — Whether protective statutory provisions apply to binding agreements for sale and purchase or only to options — Property Law Act 1952, ss. 50, 118.