16 Jun 2022
TELFORD v TELFORD [2022] NZHC 1412
- Citation
- [2022] NZHC 1412
- Court
- High Court
There was a shared common intention that Billy and Eileen would be the primary/majority owners and Jamie and Tessa secondary/minority owners by reason of the parties' circumstances and contributions; quantification based on proved contributions and reasonable valuation of labour yields plaintiffs 73% beneficial interest and defendants 27% beneficial interest; the $80,000 deposit was not a gift to defendants; the second loan is credited to defendants to the extent of actual repayments; relief is reserved for later determination.