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Simanke v Liu
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Simanke v Liu : ウィキペディア英語版
Simanke v Liu

Simanke v Liu (1994) 2 NZ ConvC 191,888 is a cited case in New Zealand regarding cancellation of a contract under the Contractual Remedies Act, any deposit in excess of a customary deposit, in this case 10%, is refundable to the purchaser.
==Background==
Simanke agreed to sell a property to Liu for $650,000, with the sales agreement stating that a deposit of $300,000 be payable within 14 days.
The contract was later cancelled, and Siminake sued for the $300,000 deposit. Liu defended the claim by saying as under the Contractual Remedies At 1979, once a contract is cancelled, no party is obliged to perform any further on a contract. Simanke argued that the Act still requires the deposit to be paid.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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