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Author: Michael Adendorff
Thursday, August 21st, 2008
Being an accommodating purchaser who agrees to a release of deposit increases risk in yet another way. If you exchange contracts to purchase property and cannot complete, you may lose more than your deposit and any deficit in eventual sale price.
In a case decided early 2008 a vendor had exchanged contracts to sell his [...]
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Tags: contracts, Defaulting, Property Purchase
Posted in Conveyancing and Leases | No Comments »
Author: Michael Adendorff
Wednesday, August 20th, 2008
The following case illustrated that it often helps to talk to a solicitor about the terms of a contract before acting on what you thought was right.
A purchase of shares in a retailer company fell through because the buyers failed to follow the prescribed procedure after exercising their option to purchase. In this case a [...]
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Tags: Purchase Option
Posted in Commercial Law, Conveyancing and Leases, Corporations Law Advice, Director & Shareholder Advice, Due Diligence Reviews - Legal, Structuring - Business, Finance, Sale & Purchase | No Comments »
Author: Michael Adendorff
Wednesday, August 20th, 2008
The following case illustrated that it often helps to talk to a solicitor about the terms of a contract before acting on what you though was right.
A purchase of shares in a retailer company fell through because the buyers failed to properly follow the prescribed procedure after exercising their option to purchase. In this case [...]
Read More
Tags: Conveyancing
Posted in Conveyancing and Leases | No Comments »