Karfoal Pty Ltd v Lorence [2002] NSWSC 284

Reported Decision : (2002) NSW ConvR 56-010

New South Wales Supreme Court

CITATION : Karfoal Pty Ltd v Lorence [2002] NSWSC 284 FILE NUMBER(S) : SC 3183/00 HEARING DATE(S) : 03/04/02 JUDGMENT DATE : 11 April 2002

PARTIES : Karfoal Pty Ltd - Plaintiff Joan Constance Lorence - Defendant JUDGMENT OF : Gzell J

COUNSEL : R K Newton for the plaintiff G A Moore for the defendant SOLICITORS : The Law Partnership, Solicitors Angela Frost, Solicitor CATCHWORDS : Contract for sale of land - death of one vendor - assets held as joint tenants - whether survivor can give notice making time of the essence - whether survivor can deal with hotelier's licence - whether purchaser can rescind - adequacy to answers to requisitions - effect of partnership on joint tenancy - no relief from forfeiture of deposit - leave to amend summons. Conveyancing Act 1919 (NSW) LEGISLATION CITED : Law of Property Act 1925 (UK) Partnership Act 1892 (NSW) Liquor Act 1982 (NSW) Re Fuller's Contract [1933] 1 Ch 625 Rees v Duncan [1900] VLR 520 Re Bourne [1906] 2 Ch 427 at 432-433 Neeta (Epping) Pty Ltd v Phillips [1974] 131 CLR 286 Winchombe Carson Trustee Co Ltd v Ball-Rand Pty Ltd [1974] 1 NSWLR 477 CASES CITED : Dainford Ltd v Yulora Pty Ltd [1984] 1 NSWLR 546 Re Maria Anna and Steinbank Coal and Coke Company (1875) LR 20 Eq 585 Lucas & Tait (Investments) Pty Ltd v Victoria Securities Ltd [1973] 2 NSWLR 268 SA Mearns v Parris Holdings Pty Ltd (1994) 6 BPR 13,677 at 13,685 Tsekos v Finance Corporation of Australia Ltd [1982] 2 NSWLR 347 at 357 Kylsilver Pty Ltd v One Australia Pty Ltd [2001] 10 BPR 18,545 at 18,550 Queensland v JL Holdings pty Ltd (1996-1997) 109 CLR 146 at 155 DECISION : For orders see par 18.