Wayne Edward John Streat v Fantastic Holdings Limited [2011] NSWSC 1097

Supreme Court New South Wales

Medium Neutral Citation: Wayne Edward John Streat v Fantastic Holdings Limited [2011] NSWSC 1097 Hearing dates: 5 and 7 September 2011 Decision date: 09 September 2011 Jurisdiction: Equity Division Before: Pembroke J Decision: Specific performance of agreement to lease ordered. See paragraph [26] Catchwords: CONTRACTS - intention to be bound prior to execution by both parties of formal written contract - intention of parties ascertained objectively - Masters v Cameron (1954) 91 CLR 353 CONTRACTS - equitable remedies - specific performance - whether sufficient acts of part performance - payment of rent in accordance with new lease sufficient part performance Cases Cited: Allen v Carbone (1975) 132 CLR 528 Australian Broadcasting Corporation v XIVth Commonwealth Games Ltd (1988) 18 NSWLR 540 Blackburn Developments No 19 Pty Ltd v Downs (Surgical) Australia Pty Ltd (1974) 2 BPR 9141 Cobbe v Yeoman's Row Management Ltd [2008] 1 WLR 1752 Concorde Personnel Services Pty Limited v Fire and All Risks Insurance Company Limited (Supreme Court of New South Wales, Kearney J, 16 July 1986, unreported) Masters v Cameron (1954) 91 CLR 353 Pan American World Airways Inc v Commonwealth of Australia (1977) 7 BPR 15145 Summer Hill Business Estate v Equititrust [2010] NSWSC 776 Texts Cited: Sir Peter Millet, Equity's Place in the Law of Commerce (1998) 114 Law Quarterly Review 214 Neuberger, Thoughts on the Law of Equitable Estoppel (2010) 84 Australian Law Journal 225 Category: Principal judgment Parties: Wayne Edward John Streat - first plaintiff Anne Maaret Streat - second plaintiff Fantastic Holdings Limited - first defendant Rocket Batteries Pty Limited - second defendant Representation: Counsel: J C Giles - for the plaintiffs T S Hale SC with D J A Mackay - for the first defendant Solicitors: Somerville Legal - for the plaintiffs Solari & Stock - for the first defendant E H Tebbutt & Sons - for the second defendant File Number(s): 2011/272893