The Magnum Photo Supplies Ltd v. Viko New Zealand Ltd [1999] (1 NZLR 395) case was the last of numerous New Zealand cases cited regarding whether or not banking (depositing) a cheque received for part payment was legally accord and satisfaction. In this case, it was the only NZ case not subject to a dispute, that the creditor was successful in being able to claim for the balance from the debtor.
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