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Chris The Lawyer
Chris The Lawyer, Lawyer
Category: New Zealand Law
Satisfied Customers: 22322
Experience:  37 years qualified as a lawyer; LLB, MMgt and FAMINZ.
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The trustees of my mother's family trust sent us a

Customer Question

The trustees of my mother's family trust sent us a confirmation of deposit letter last week. Acting on that we made an offer on a home and secured a mortgage. The house sale become unconditional in 6 working days. Now the trustees want to renege on giving us the deposit. Can they legally do that?
Submitted: 12 months ago.
Category: New Zealand Law
Expert:  Chris The Lawyer replied 12 months ago.

If there was an unconditional offer to provide this deposit, then you could sue them for specific performance of the contract. I suggest you start by telling them you will do so and then if they persist you may need to actually sue them

Customer: replied 12 months ago.
Thank you for the prompt reply Chris. Yes the confirmation of deposit was unconditional. So we do have grounds to suse if they renege?
Expert:  Chris The Lawyer replied 12 months ago.

From what you have told me, yes. If they promised to pay that is a binding contract

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