17 Dec 2013
PLANET KIDS LIMITED v AUCKLAND COUNCIL [2013] NZSC 147
- Citation
- [2013] NZSC 147
- Court
- Supreme Court
The settlement agreement was not frustrated by the fire and consequent lease termination because the core/common purpose — settlement of the Public Works Act dispute and the resulting certainty as to acquisition timing and compensation — had been achieved on entry into the agreement and the impossibility affected only peripheral/technical obligations (chattels and a formal surrender) which did not render performance radically different; foreseeability of lease termination on severe fire and the substantial hardship to Planet Kids also weigh against frustration, so the contract subsists and ma…