LAW5113

Land contracts 506

(LAW)

Not offered in 2002

Associate Professor Sue McNicol

6 points + Three 1-hour lectures per week + Clayton + Corequisite: LAW2100

Synopsis: Contract of sale. Preliminary documents. Cooling off. Statute of frauds. Effect of execution of contract. Position of parties under an uncompleted contract. Parties to the contract. Conditions implied by Table A of the Transfer of Land Act 1958 (Vic.) and the Third Schedule of the Property Law Act 1958 (Vic.). Breach of contract and remedies. Defective title and misdescription. Disclosure by vendor of defects. Other conditions in Table A and Third Schedule. Investigation of title. Searches and inquiries. Land use. Completion. Sale of Land Act 1962 (Vic.). Flats and units.

Assessment: Final examination (3.5 hours): 100%