VENDOR AND PURCHASER - BREACH OF CONTRACT - DAMAGES - MITIGATION - CAUSATION - Purchaser did not wish to proceed with contract for sale of land because of commercial risks - purchaser rescinded for vendor's failure to complete in accordance with Notice to Complete - whether purchaser can recover as damages profits of the venture which it had decided it did not wish to undertake - relationship of causation of loss and mitigation of damages discussed.
Acts Cited:
Supreme Court Rules 1970 (NSW) - Pt 60 r.10.
Trade Practices Act 1974 (Cth) - s.52
Case Details
Citation[2005] NSWSC 642
CourtNSWSC
JurisdictionNew South Wales
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