QN v CI & EN [2024] NZDT 472 (4 June 2024) [pdf, 198 KB]
...having received the loan funds more than a year ago. If so, what remedy is appropriate? 13. The remedy for a breach of contract is for the breaching party to put the other party back in the position they would have been had the contract been performed. However, parties are allowed to agree on a remedy as part of their contract. 14. In this case, it was agreed that if no repayments were made QN was entitled to the car that had been brought with the proceeds of the loan. The diff...