Ansley v Prospectus Nominees Unlimited

Ansley v Prospectus Nominees Unlimited [2004] NZCA 14; [2004] 2 NZLR 590; (2004) 5 NZ ConvC 193,914; (2004) 5 NZCPR 330; (2004) 10 TCLR 952 (3 March 2004) is a cited case in New Zealand regarding whether a party to a conditional contract can treat that contract as ended if they are responsible for the failure of the stipulated condition.

In October 2001, whilst the subdivision consent was tied up in the Environment Court, they entered into a conditional sale with the Ansleys for $1.05 million, on the proviso that PNU obtained the necessary consents by 28 February 2002.

The Ansleys unsuccessfully sought specific performance for the transaction, and sued PNU for account of the profit they made on the resale of the property.

The Ansleys argued that the contract only ended due to PNU not pursuing the consent in a proper manner.

This article relating to case law in New Zealand is a stub.