Deposits, penalties and relief
Language: English Series: Estates Gazette ; (9320) 22 May 1993, 122(1)Publication details: 1993Subject(s): Summary: Deposits on the sale of land, usually 10% of the contract price, can be seen to be similar to penalties in building contracts, but the courts of equity do not treat them in the same manner. The privilege land enjoys was explored in the case "Dojap investments Ltd v Workers Trust and Merchant Bank Ltd" (1993).| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | W5016 (Browse shelf(Opens below)) | 1 | Available | 69959-1001 |
Deposits on the sale of land, usually 10% of the contract price, can be seen to be similar to penalties in building contracts, but the courts of equity do not treat them in the same manner. The privilege land enjoys was explored in the case "Dojap investments Ltd v Workers Trust and Merchant Bank Ltd" (1993).