Vendors' statements, the right to cool off and remedies: Le Cornu and Kurda v Place on Brougham Pty Ltd
Date
2014
Authors
Babie, P.
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Journal article
Citation
Property Law Review, 2014; 4:143-145
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Paul T. Babie
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Abstract
Le Cornu and Kurda v Place on Brougham Pty Ltd [2013] SADC 32 confirms that a Vendor’s Statement is not invalid due solely to the non-existence of the property the subject of such statement. Yet, once a Vendor’s Statement is rendered invalid on other grounds, the right to cool off remains open, allowing the purchaser a choice between electing to affirm or rescission. In either case, though, the vendor retains the right to claim estoppel.
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Research paper
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