15 Dec 2015
SM & T HOMES LTD v NGUYEN [2015] NZHC 3228
- Citation
- [2015] NZHC 3228
- Court
- High Court
A binding contract was formed at the auction on 3 December 2013 when the auctioneer accepted the highest bid of $450,000; the Agreement dated 3 December 2013 constituted a sufficient written record signed by the parties (s24 PLAct 2007) because the vendor signatures and pre-signed memorandum were intended to be the record of the bargain; specific performance is appropriate and ordered; contractual interest is a term of the Agreement and ancillary orders about calculation are reserved.