28 Feb 2012
PUREWAL BS & JK LIMITED v CONNELL STREET LIMITED COA CA49/2011
- Citation
- openlaw-3ffa1c87_c977_4e8e_a76f_b9b8ccbdf2f2.pdf
- Court
- Court of Appeal
An offer of finance received by the purchaser on 15 October 2007 satisfied the REI-ADLS finance condition; the purchaser breached cl 8.7(2) by failing to notify the vendor and therefore could not rely on non-fulfilment to avoid under cl 8.7(5); alternatively the purchaser was estopped by silence/duty to speak after inducing the vendor to grant repeated extensions; appeal dismissed and High Court decision affirmed.