18 Dec 2023
XU v MENG [2023] NZHC 1899
- Citation
- [2023] NZHC 1899
- Court
- High Court
The deposit of $200,000 is to be returned because the oral agreement ended on lapse of the caveat and plaintiffs accepted obligation to return deposit; defendants were not entitled to repayment of alleged principal repayments because plaintiffs could not verify the principal component of payments; to do justice the Court calculated actual shortfall in interest payable by defendants and made an order under s43 for $16,520.20 (shortfall) payable by defendants plus statutory interest; plaintiffs' claims for rental, income from boarders and commercial use failed for lack of factual or legal basis…