30 Nov 2023
LU v MADAAN [2023] NZHC 3421
- Citation
- [2023] NZHC 3421
- Court
- High Court
Defendant breached an unconditional sale contract by failing to settle and has no arguable defence; summary judgment is appropriate for liability; quantum will be assessed as the diminution in value between the contract price and market value at cancellation (29 November 2023) less credit for the deposit; indemnity costs awarded due to defendant's frivolous or unnecessary conduct.