Transfer of property from father and stepmother to son ends in court – which case won?
In 1998, an elderly married couple purchased a 255-acre rural property in northern NSW. By 2004, they were receiving the aged pension and came to believe that owning the property might disqualify them from the pension.
Their belief stemmed from a conversation with their daughter, who allegedly said words to the effect: “If you own over five acres of property, you may no longer be entitled to receive the pension.”
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“The house I was buying suffered extensive fire damage, so I’m entitled to rescind the contract.” Which case won?
On 11 July 2003, a buyer of property and its sellers entered into a contract for sale of land, for a property on Sydney’s lower north shore.
The purchase price was $1.4 million, with a deposit payable of $140,000.
A two-bedroom house was constructed on the property around 1946. Though it was habitable, it was showing signs of its age.
Shortly after entering into the contract, the buyer obtained the owners’ consent to lodge plans with the local council to develop the property.
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Are you bound by a contract which you signed but didn’t read properly? Which case won?
An Australian pharmaceutical company purchased a shipment of influenza vaccines from the United Kingdom in preparation for the 1999 flu season.
The vaccine was required to be stored at a certain temperature and meet other delivery requirements.
The collection, storage and transportation of the vaccine was to be handled by a separate company. This process was arranged by a retailer of medical supplies.