CONTRACT - OFFER AND ACCEPTANCE - Offer constituted by application to trustee company to acquire townhouses which are assets of a trust - acceptance of offer by resolution of the board of the trustee company to transfer townhouses to the applicants - alternatively, contracts to be inferred from the conduct of the parties in all the circumstances - contracts legally binding.
EQUITY - contract for sale of land - purchaser pays to vendor full consideration for sale of land - title to land remains in the name of the vendor - the vendor holds the land on a bare trust for the purchaser.
Acts Cited:
Stamp Duties Act 1920
Case Details
Citation[2001] NSWSC 489
CourtNSWSC
JurisdictionNew South Wales
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