How have the courts interpreted the meaning of an inchoate or incomplete agreement between a buyer and seller?
Manitoba, Canada
The following excerpt is from Hongkong Bank Of Canada v. La Caisse Populaire de Saint-Boniface limitée, 1998 CanLII 4727 (MB CA):
28 There is another way to look at the matter. In holding for the purchaser in Rose v. Dever, Freedman C.J.M. noted (at p. 438): Surely under an inchoate or incomplete agreement binding rights and obligations would not arise. Until they did arise either party would be free to withdraw.
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