17 May 2010
SHIRLEEN SHIA LING SIM V NEW ZEALAND HOME BONDS LTD CA697/2009
- Citation
- openlaw-2d278000_19c6_4d8a_8c26_6a9f259fab7a.pdf
- Court
- Court of Appeal
The bond issuer (NZHB) was obliged to pay upon receipt of an expired settlement notice with proof of valid service unless the purchaser credibly puts the validity of that settlement notice (i.e. that the settlement date had not occurred because of lack of practical completion or title) in issue; mere protest or unrelated disputes do not relieve NZHB of payment obligations.