10 Jun 2004
OTAGO STATION ESTATES LIMITED V JOHN ROBERT PARKER And Anor CA CA158/03
- Citation
- openlaw-9adf0649_9180_4a9d_8345_2980a69736b3.pdf
- Court
- Court of Appeal
Tendering a personal cheque in response to a clause 2.2 notice did not remedy the purchaser's default because payment under the contract required legal tender or cleared funds (bank cheque or cleared bank transfer) unless the vendor expressly agreed otherwise or accepted the personal cheque before the notice period expired; the vendors properly rejected the personal cheque and validly cancelled the contracts.