17 Jul 2012
GREAT NORTHERN LAND COMPANY LIMITED V SHERVEER ENGINEER HC AK CIV-2009-004-003033
- Citation
- openlaw-0a1015aa_d62e_4d49_8867_be820c07265c.pdf
- Court
- High Court
The Court found on the balance of probabilities that the vendor had made reasonable progress in a complex, staged development and therefore the defendants could not validly rescind under s225 RMA; the plaintiff was entitled to cancel for non‑settlement and recover damages and forfeit the deposit, resulting in judgment for the plaintiff in the reduced sum claimed, interest, and costs.