Tag Archive: breach of contract

Defaulting Auction Buyer Boxes On In Court

Posted on September 8, 2013 by | 0 Comments
OPINION by Tim O’Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au   When the purchaser of an up-market home unexpectedly says settlement won’t take place, does the vendor still have to move out before terminating and claiming damages? Donna Kelly-Corbett was pleased when she sold her home at auction for $1.2 million. Although she already had a finance-approved contract to purchase her next home, her purchase contract was not conditional on the prior sale. Because both contracts were due...

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