16 Feb 2012
MORE TO THIS LIFE LIMITED V ARCADIA HOMES LIMITED HC DUN CIV-2008-412-001011
- Citation
- openlaw-492732be_0066_429d_8602_52e0e247cdf5.pdf
- Court
- High Court
The signed REINZ/ADLS agreement created a binding contract; clause 15 was a condition subsequent under the form's operative provisions and, in any event, was inoperative because Arcadia had only one director who had already signed and thereby approved; alternatively Arcadia and its directors breached their obligations to procure meaningful consideration and steps to enable approval; Arcadia repudiated and is liable for damages on resale.