agreement of salebreach of contractcancellationnovationvariationinstalment payment
Tags
contract cancellationagreement of saledeceased estateproperty transfer
legislation
Statutes Cited
Contractual Penalties Act
ai analysis
Case Summary
Key Issues
{"issue_text":"Whether the agreement of sale was novated or merely varied","issue_type":"law","dispositive":"yes","related_facts":"Payment restructuring agreed on 16 March 2021"}
{"issue_text":"Whether the applicant was entitled to cancel the agreement","issue_type":"mixed","dispositive":"yes","related_facts":"Breach of payment terms, notice given"}
{"issue_text":"Whether the first respondent is entitled to refund of payments made","issue_type":"law","dispositive":"no","related_facts":"Payments totalling US$200,955.49 made"}
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background
Facts of the Case
Background
The applicant, as executor of the late John Vigo Naested's estate, sought cancellation of an agreement of sale and ejectment of the first respondent from a property. The first respondent had entered into an agreement to purchase the property for US$400,000 payable in instalments but failed to complete payment. After several payment restructuring proposals and breaches, the applicant cancelled the agreement.
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