28 Apr 2023
HU v LIU [2023] NZHC 972
- Citation
- [2023] NZHC 972
- Court
- High Court
The obligation to pay the second tranche of the deposit became unconditionally payable when the prior agreement settled; the defendant did not avoid or cancel the contract before that obligation accrued and cancellation after accrual did not discharge the obligation; therefore the defendant had no real defence to the claim for the second tranche deposit and summary judgment was appropriate.