Agreements for Sale to Corporations - The Remedy of Extra-Judicial Determination
AbstractA corporation which purchases land by agreement for sale does not receive the same protection under The Judicature Act as is accorded an individual In particular, the ven dor can exercise all the rights conferred by the agreement itself, including determining the agreement, keeping the land and often the money already paid. The courts, however, closely monitor the vendor's pursuit of his contractual remedies, and the pro per steps must be followed to obtain the desired relief. In this article, the author draws together the law applicable to the prosecution of proceedings by the vendor for extrajudicial determination of an agreement for sale and also reviews some of the obstacles or defences that may be raised by the purchaser.
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