[2024] NZREADT 10 - IH v REAA (12 April 2024) [pdf, 215 KB]
...factors: 1. Neither the licensee nor anyone else knew that asbestos was present, at the time of the purchase. 2. The mere possibility of asbestos, unless more probable than not or a significant potential risk, is not a defect engaging r 10.7. [101] We find that there was no hidden or underlying defect triggering the obligations in r 10.7. [102] It seems to us that if there is no defect requiring disclosure, it cannot be said the licensee breached any other rule in relation t...