Abstract:
CHANGED CIRCUMSTANCES AND LAPSING OFFERS Dysart Timbers Ltd v. Nielsen Introduction It is rare that a superior court considers and develops the long-settled principles relating to contractual offer and acceptance, yet such an opportunity was presented recently to the New Zealand Supreme Court in Dysart Timbers Ltd v. Nielsen . 1 The issue before the Supreme Court arose out of proceedings brought by Dysart Timbers Ltd (“Dysart”) to enforce a guarantee that the Nielsen brothers (“the Nielsens”) had given in respect of the indebtedness of Castlerock Group Ltd. ...