30 Oct 2017
CORPORATE SURETIES LIMITED v MACKEN AND KEARNEY [2017] NZHC 2700
- Citation
- [2017] NZHC 2700
- Court
- High Court
The correspondence showed parties and their lawyers operated on the basis that a formal signed sale and purchase agreement and trustee resolution were prerequisites to contract formation; accordingly it was arguable (and accepted for summary judgment purposes) that the trustees did not intend to be bound until a written agreement was signed and the resolution passed, so summary judgment could not be granted.