Enforcing Rights & Remedies under a Contract for the Sale of Land

Table of Contents
Introduction …………………............................................................ 3
The right of rescission
……………………………………………..3
The different meanings of the word “Rescission” …............................ 4
Rescission for breach of condition or breach of an essential term 5
Vitiating factors which give a right to rescind ……………………..8
Statutes which give a right to rescind ………………………………….. 8
Acceptance of repudiation …………………………………….. 9
Statutes which create causes of action for statutory
misrepresentation or misleading and deceptive conduct ...........10
Mutual abandonment/discharge by agreement ………………… 11
Essential pre-requisites to the exercise of a right to rescind ......... 11
Loss of the tight to rescind – common law/equity and statute … 13
The consequences of rescission ........................................................ 13
Relief from forfeiture in favour of a purchaser following a valid
termination of a contract by a vendor ................................ 14
Tanwar – Victorian Position .................................................................... 15
Other Remedies - introduction ....................................................... 17
Damages in contract ………………………………………………………. 17
Vendor’s right to damages ................................................................... 19
Purchaser’s right to damages .............................................................. 24
Specific performance ............................................................................... 26
Injunction .................................................................................................. 29
Conclusion ……………………………………………………………………… 30
Bibliography ............................................................................................... 32
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