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Relief against forfeiture of deposits

By: Language: English Series: Estates Gazette ; (9246) 21 November 1992, 76-78(3)Publication details: 1992Subject(s): Summary: Explains the difference between deposits and part-payments of purchase prices. Deposits are normally deemed to be forfeitable on default. Refers to relief in equity and statutory relief illustrated by case law.

Explains the difference between deposits and part-payments of purchase prices. Deposits are normally deemed to be forfeitable on default. Refers to relief in equity and statutory relief illustrated by case law.