J&Z Holding (Aust) Pty Ltd v Vitti Pty Ltd

• 1. Contract
  2. › Construction
  3. › Put and call option agreements
  4. › Characterisation of payment as deposit or option fee
  5. › Significance of poor drafting
  6. › Whether sum payable constitutes conventional deposit or option fee credited against purchase price
  7. › Whether deeming provisions convert option fee into deposit
• 1. Contract
  2. › Deposits
  3. › Conveyancing
  4. › Whether payment described as 'deposit' has character of conventional deposit
  5. › Label not determinative of legal character
  6. › Nature of obligation to make payment more important than description
• 1. Contract
  2. › Option agreements
  3. › Call option fee
  4. › Consequences of non-exercise of option
  5. › Whether vendor entitled to retain option fee after exercise of put option

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