Part 3Sale of goods
Formation of contract: Contract of sale
121Contracts of sale may be between one part-owner and another
A contract of sale may be between one part-owner and another.
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.
A contract of sale may be between one part-owner and another.