De Gruchy & Co. v Quenault [1990] JLR 48 (07 February 1990)

Completion of contract is achieved by the signature of the agreement and not by the Royal Court's registration of the charge against the borrower's real property.

Citation: [1990] JLR 48
Parties: Applicant: De Gruchy & Co.; Respondent: Quenault
Jurisdiction: Jersey
Judgment Date: 07 February 1990
Procedural Posture: Civil / Judgment
Outcome: Judgment for applicant
Legal Topics: Charges, Completion of Contract

Land Law Charges Completion of Contract

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Parties

De Gruchy & Co.

Applicant

Quenault

Respondent

Procedural Posture

Civil / Judgment

Legal Issues

1 Whether completion of contract occurs upon signature of agreement or upon Royal Court's registration of charge against borrower's real property

Ratio Decidendi

Completion of contract is achieved by the signature of the agreement and not by the Royal Court's registration of the charge against the borrower's real property.

Court Disposition

Judgment for applicant