What is the test for establishing a binding agreement for the purchase and sale of real property?
British Columbia, Canada
The following excerpt is from Eeckhout & Lau v. Karran, 2000 BCSC 1012 (CanLII):
In Eaton Properties Limited v. British Columbia (1990), 14 R.P.R. (2d) 132 at 137, Cumming J.A said: In order that there may be a binding agreement for the purchase and sale of lands it must, at a minimum, clearly identify the parties, the property and the price.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the test for establishing a collateral agreement where the collateral agreement is inconsistent with or contradicts the written agreement? (British Columbia, Canada)
Does a purchaser have a right to resile from a contract of purchase and sale if the purchaser fails to complete the purchase at the agreed price? (British Columbia, Canada)
What is the effect of a personal property agreement on property that would have occurred without the agreement? (British Columbia, Canada)
When one spouse excludes property that is real property, is that a spouse entitled to an undivided half interest in the increased value of the property? (British Columbia, Canada)
What is the effect of a property condition disclosure statement in a purchase and sale agreement? (British Columbia, Canada)
Is a real estate agent required to notify the purchaser that it had repudiated a purchase agreement? (British Columbia, Canada)
What is the test for specific performance of an agreement to purchase a residential property? (British Columbia, Canada)
What is the test for establishing that a party registered on the title of a property has a legal and equitable interest in the property? (British Columbia, Canada)
If a "social agreement" arising from an earlier decision of a municipal council is treated as a binding contract, is it binding contract? (British Columbia, Canada)
Does contemplation of parties to a further agreement negate the existence of a binding agreement? (British Columbia, Canada)
