Plain language law

New Zealand law explained for everyone

Contract and Commercial Law Act 2017

Sale of goods - Formation of contract - Contract of sale

121: Contracts of sale may be between one part-owner and another

You could also call this:

“Part-owners can sell their share to each other”

You can make a contract to sell something even if you only own part of it. This means that if you own something together with someone else, you can sell your share to that other person. This is called a contract of sale between part-owners. It’s allowed by the law in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6844303.

Topics:
Business > Fair trading Money and consumer rights > Consumer protection
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120: Contract of sale of goods, or

"Agreeing to sell something you own for money"

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122: Contracts of sale may be absolute or conditional, or

"Sales contracts can be simple or have special conditions"

Part 3 Sale of goods
Formation of contract: Contract of sale

121Contracts of sale may be between one part-owner and another

  1. A contract of sale may be between one part-owner and another.

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