L Ltd v I Ltd [2023] NZDT 197 (19 May 2023) [pdf, 172 KB]
...due to the urgency with which L Ltd wanted the job to be booked and undertaken – either party could CI0301_CIV_DCDT_Order Page 2 of 3 have waited until access to the site was available to determine whether or not the contract could be performed. As I do not regard the 50% part-payment as a deposit, and because a deposit is usually in the vicinity of 10% of the contract price, I consider a 10% deposit equivalent a reasonable amount to be retained by I Ltd. 8. I note that L Lt...