20 May 2013
PULLINGTON INVESTMENTS PTY LIMITED v KAIWARUA-EALING LIMITED COA CA587/2012
- Citation
- COA CA587/2012
- Court
- Court of Appeal
No contractual right of pre-emption existed because the parties never reached consensus on essential terms nor communicated acceptance on behalf of Kaiwarua-Ealing; the parties intended any pre-emptive right to be embodied in a signed written partnership agreement and in its absence the Partnership Act 1908 governs dissolution and realisation; s 30 did not preserve any right because the partnerships operated as indefinite-term arrangements.