22 Oct 2019
PATEL v PATEL [2019] NZHC 2705
- Citation
- [2019] NZHC 2705
- Court
- High Court
The parties formed a partnership governed by the Partnership Act 1908 in respect of the development of all three subdivided lots; partnership obligations required accounting and equitable treatment; the Wakefield Road house was part of plaintiff's contribution and valued at $55,000; $22,160 of plaintiff's claimed cash payments were proved; default rule of equal profit sharing applies; defendant breached obligations by refusing to account and must pay proven advances and contributions totaling $252,160 and the parties must quantify interest and remaining profit for equal distribution.