NSW Caselaw
Reported Decision : (2004) NSW ConvR 56-087
New South Wales Supreme Court
CITATION : Buildev Development v PIC Sales [2003] NSWSC 1245 HEARING DATE(S) : 12 December 2003 JUDGMENT DATE : 12 December 2003 JURISDICTION: Equity JUDGMENT OF : Campbell J DECISION : Caveat not extended
CATCHWORDS : CONTRACTS - option to purchase - contractual right to extend time for exercise of option to purchase - whether strict compliance with conditions for exercise of contractual power required - CONTRACTS - substantial performance - field of operation - CONVEYANCING - LAND UNDER THE TORRENS SYSTEM - caveats against dealings - option to purchase confers caveatable interest - EQUITY - relief against forfeiture - when available concerning loss of an option - what is a forfeiture Arcos Ltd v E A Ronaasen & Son [1933] AC 470 Bolton v Mahadeva [1972] 1 WLR 1009 Corio Guarantee Corporation Ltd v McCallum (1956) VLR 755 Forder v Cemcorp Pty Ltd (2001) 51 NSWLR 486 Gilbert J McCaul (Aust) Pty Ltd v Pitt Club Ltd (1957) 59 SR(NSW) 122 Ex parte Graves (1905) 7 Gaz LR 318 H Dakin & Co Ltd v Lee [1916] 1 KB 566 Re Henderson's Caveat [1998] 1 QdR 632 Hoenig v Isaacs (1952) 2 All ER 176 Jessica Holdings Pty Ltd v Anglican Property Trust Diocese of Sydney (1992) 27 NSWLR 140 CASES CITED : Laybutt v Amoco Australia Pty Ltd (1974) 132 CLR 57 Legione v Hateley (1983) 152 CLR 406 Luna Park (NSW) Ltd v Tramways Advertising Pty Ltd (1938) 61 CLR 286 Melacare Industries of Australia Pty Ltd v Daley Investments Pty Ltd (1995) 6 BPR [97535] Re McKean's Caveat [1988] 1 QdR 524 Quek v Beggs (1990) 5 BPR 11,761 Sarge Pty Ltd v Cazihaven Homes Pty Ltd (1994) 34 NSWLR 658 Stern v McArthur (1988) 165 CLR 489 Tonitto v Bassal (1992) 28 NSWLR 564 Trustees Executors & Agency Co Ltd v Peters (1960) 102 CLR 537 United Scientific Holdings Ltd v Burnley Borough Council [1978] AC 904 Xcel Rural Properties Pty Ltd v South Creek Dairy Pty Ltd (2002) 10 BPR [97957] PARTIES : Buildev Development Pty Ltd - Plaintiff PIC Sales Pty Ltd - Defendant FILE NUMBER(S) : SC 6011/03 COUNSEL : A Lo Surdo - Plaintiff R D Wilson - Defendant SOLICITORS : Trisley Kilmurray - Plaintiff Stacks the Law Firm Forster - Defendant
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