On Making and Breaking Contracts
3 Pages Posted: 22 Mar 2011
Date Written: January 1, 2004
This article discusses purchase agreements and the clauses affecting their termination and extension, including the question of when the contract is formed and what happens when a party is defrauded out of a contract rather into one. Also covered are ‘time is of the essence’ issues.
Keywords: CC 3343, CC1709, CC 3333, time is of the essence, seller withdraw, buyer withdraw, closing date, extension, Simon v San Paolo U.S. Holding, Galdjie v Darwish, Pittman v Canham, House of Prayer v Evangelical Ass’n
JEL Classification: K11
Suggested Citation: Suggested Citation