000			01478cab a2200193 4500
001			ABS42436
008			090401t1990 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u36789
041			_aeng
245			_aWalford v others v Miles and another
260			_c1990
350			_a0
490			_aEstates Gazette _v(1990) 12 EG 107-111(3)
520			_aQBD 21 July 1989. This litigation arose from a decision of the defendants (M) to sell a photographic processing business which had been transferred to a company whose shares they owned. After abortive negotiations the plaintiffs (W) and a rival bidder became interested in its purchase. The rival was in fact the first in the field and was finally the successful purchaser. W claimed that M had failed to break off negotiations with the rival before opening with him and was therefore in breach of their collateral agreement and claimed for loss of opportunity to purchase. The judge held that there had been an oral agreement subject to contract for W to purchase the property and shares for £2m supported by a collateral agreement demonstrating W`s intention to enter into binding legal relations. Under this W agreed to get a comfort letter from their bank and M to call off any other negotiations. He also held that promises made by M were misrepresentations which W relied on to their detrimen
650			_aVENDOR AND PURCHASER
690			_aPROPERTY LAW AND PRACTICE-CASE LAW
942			_n0
948			_c04/03/1997
999			_c23807 _d23807