Northern Irish High Court finds for purchaser in claim for return of deposit where developer unreasonably delayed in completion of apartment.
Contract law - construction and purchase of apartment - building agreement - agreement for lease - whether agreement validly rescinded - counterclaim for specific performance - failure to complete building by completion date - whether time of the essence - whether extension of time required to complete building - completion within reasonable time - requirement that he who seeks equity should do equity - construction of contracts - determination of "reasonable time" - consequences of failure of developer to seek extension of time.