6 Sept 2023
DELAMERE v LIU [2023] NZCA 427
- Citation
- [2023] NZCA 427
- Court
- Court of Appeal
The Court upheld the High Court: the three written agreements were independent; appellant breached express terms of the term deposit agreement by causing withdrawals without respondent's consent; an implied term requiring return of the $350,000 deposit if the residency application failed was necessary to give the arrangement business efficacy and was implied; appellant was personally liable for procuring the transfers; and damages reflect the loss of the deposit (plus interest and costs).