14 Mar 2017
EASTLIGHT ASSET TRADING NO. 1 LIMITED v ROBINSON [2017] NZHC 434
- Citation
- [2017] NZHC 434
- Court
- High Court
The settlement notice, viewed objectively, would have been understood by reasonable purchasers (and their solicitor) to call for settlement pursuant to the agreement despite the omitted title reference; the cancellation was therefore effective before the 25 January 2017 assignment, so the assignor had no equitable interest to assign and Eastlight acquired no caveatable interest; the application to prevent lapse of the caveat is dismissed.