21 Sept 2018
LUCAS v KROEF [2018] NZHC 2478
- Citation
- [2018] NZHC 2478
- Court
- High Court
The caveat was removed because the purchaser failed to establish an arguable equitable interest: the agreement was formed on 23 August 2018, the 5-day finance condition expired at 5.00pm on 28 August 2018, the trustees validly exercised the escape clause and cancelled the agreement on 29 August 2018, and there was no clear and unequivocal representation by agents with authority to extend the finance date that would give rise to estoppel.