Parties legally bound to unsigned put and call option

Backstrom, Michelle (2009) Parties legally bound to unsigned put and call option. Australian Property Law Bulletin, 24(1), pp. 8-11.

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Abstract

The point at which the parties to a negotiation for the sale of land are legally bound can often be difficult to judge. This is particularly so where the parties have agreed a lawyer is to formalise the agreement between them. When the parties have not agreed all matters relating to the transaction, interesting questions arise as to what terms regulate the relationship. In Moffatt Property Development Group Pty Ltd v Hebron Park Pty Ltd [2009] QCA 60 the Queensland Court of Appeal considered first, whether there was a binding agreement to sell and secondly, how the relationship would be regulated in the absence of express agreement in relation to many of the terms.

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ID Code: 64116
Item Type: Journal Article
Refereed: Yes
Keywords: contractual intention, put and call option, Hebron Park, Masters v Cameron, Property Law Act (Qld) 1974 s59
ISSN: 0817-2854
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000)
Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100)
Divisions: Current > QUT Faculties and Divisions > Faculty of Law
Current > Schools > School of Law
Copyright Owner: Copyright 2009 Lexis Nexis Butterworths
Deposited On: 07 Nov 2013 22:08
Last Modified: 30 Nov 2013 14:31

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