CAC 10073 v Cho [2013] NZREADT 93 [pdf, 141 KB]
...purchasers needed to complete the settlement. That shortfall was $67,500. The defendant says that, as he was in a position to do so, he lent that amount as an act of friendship to Mr Kim and his wife “and also to relieve him of any personal and family embarrassment and financial penalties that the shortfall would bring on him and his family if the forthcoming settlement was not able to be completed accordingly”. The defendant said he made the loan to Mr Kim “on the condition that...