Stokes v Greenup [2021] NSWSC 1503

Supreme Court New South Wales

Medium Neutral Citation: Stokes v Greenup [2021] NSWSC 1503 Hearing dates: 20–21 July 2021 Date of orders: 24 November 2021 Decision date: 24 November 2021 Jurisdiction: Common Law Before: Cavanagh J Decision: (1) Judgment for the defendant. (2) I order the plaintiff to pay the defendant's costs. Catchwords: CONTRACTS – Implied terms – Whether term should be implied requiring payment within a reasonable time or requiring immediate payment of money owing under a deed Cases Cited: Angas Securities Ltd v Small Business Consortium Lloyds Consortium No. 9056 [2016] NSWCA 182 Australian Broadcasting Commission v Australasian Performing Right Association Ltd (1973) 129 CLR 99; [1973] HCA 36 BP Refinery (Westernport) Pty Limited v President, Councillors and Ratepayers of the Shire of Hastings (1977) 180 CLR 266 Canning v Temby and Others (1905) 3 CLR 419; [1905] HCA 45 Cherry v Steele-Park (2017) 96 NSWLR 548; [2017] NSWCA 295 Codelfa Construction Pty Ltd v State Rail Authority of New South Wales (1982) 149 CLR 337; [1982] HCA 24 Con-Stan Industries of Australia Pty Ltd v Norwich Winterthur Insurance (Australia) Ltd (1986) 160 CLR 226; [1986] HCA 14 County Securities Pty Ltd v Challenger Group Holdings Pty Ltd & Anor [2008] NSWCA 193 Donau Pty Ltd v ASC AWD Shipbuilder Pty Ltd (2019) 101 NSWLR 679; [2019] NSWCA 185 Electricity Generation Corporation v Woodside Energy Ltd (2014) 251 CLR 640; [2014] HCA 7 International Air Transport Association v Ansett Australia Holdings Limited (2008) 234 CLR 151; [2008] HCA 3 Jireh International Pty Ltd t/as Gloria Jean's Coffee v Western Exports Services Inc [2011] NSWCA 137 Lym International Pty Ltd v Marcolongo [2011] NSWCA 303 McGrath v Sturesteps; Sturesteps v HIH Overseas Holdings Ltd (in liq) (2011) 81 NSWLR 690; [2011] NSWCA 315 Mount Bruce Mining Pty Limited v Wright Prospecting Pty Limited (2015) 256 CLR 104; [2015] HCA 37 Reid v Moreland Timber Co Pty Ltd (1946) 73 CLR 1; [1946] HCA 48 Simic v New South Wales Land and Housing Corporation (2016) 260 CLR 85; [2016] HCA 47 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd (2004) 219 CLR 165; [2004] HCA 52 Victoria v Tatts Group Ltd (2016) 90 ALJR 392; [2016] HCA 5 Category: Principal judgment Parties: Greg Stokes (First Plaintiff) Sorobe Pty Limited (ACN 002 866 435) (Second Plaintiff) Paul Greenup (First Defendant) Greenup F T No.2 Pty Limited (ACN 112 294 961) as trustee for the Greenup No.2 Family Trust (Second Defendant) Village Cameron Park Pty Limited (ACN 117 525 014) as trustee for the P J Greenup Superannuation Fund (Third Defendant) Representation: Counsel: J Knackstredt (Plaintiffs) P Bolster (Defendants)