Latest news and views tagged conditional contract
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The Court of Appeal has considered whether a developer was prevented from exercising its right to rescind a contract due to a provision in that contract, which provided that either party could rescind...
Settlement deed could not be revoked once signed even if other party had not signed it yet – Silver Queen Maritime v Persia Petroleum Services, High Court
The High Court has given a ruling about a deed coming into effect even when the first party to sign it had wanted to revoke its signature before the second party signed. This case involved the settlement...
Rescission of Conditional Contract – McGahon v Crest Nicholson Regeneration Limited
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A buyer was contracted to purchase an underlease of a flat off-plan from a developer. The contract was conditional upon the grant to the developer of a headlease by the longstop date of 1 June...