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Can a vendor terminate a contract for sale of land if the purchaser mistakenly pays the deposit to a cybercriminal? Which case won?
A recent case in the NSW Supreme Court illustrates just how insidious cybercrime can be, and also how easy it is to suffer from the actions of a cybercriminal.
The vendor and purchaser entered into a contract for sale of land for a residence in NSW.
The contract was generally of the usual form, and included a clause requiring that the purchaser pay the 10% deposit, being $56,000, either by cash of up to $2000, or by cheque.
The contract required payment of the deposit by two instalments, the first instalment on the day the contract was entered into, and the second of $54,600 on a later date.
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Developer installs stormwater tank and timber deck instead of grass lawn. Could the purchasers rescind the contract? Which case won?
In June 2017, the purchasers entered into an off-the-plan contract to buy a townhouse from the developer.
At the time of signing the contract, the townhouse’s outside area was bare dirt.
However, the purchasers’ understanding was that this area would be covered with grass.
A grass area was important to them as they had an 18-month-old son.
The grass area was shown in the floor plan and the landscape plans.
These were approved for the purposes of the development consent and the construction certificate that had been issued to the developer before construction of the townhouse began.