||All England Reporter
|| All ER (D) 56 (Oct)
||Timothy Fancourt QC (instructed by Pinsent Masons) for the claimants.
||Raymond Davern (instructed by Blythe Liggins) for the defendants.
||5 October 2006
Sale of land - Option to purchase land or interest therein - Exercise of option - Agreement purporting to grant claimants option to purchase defendants' share in property - Agreement stipulating valuation of market value - Whether agreement constituting validly exercisable option - Whether valuation taking account of breach of repair covenant.
Where a dispute arose concerning the validity of a purported option agreement, the terms of which gave the claimants the right to exercise an option for the purchase of the defendants' half share of a property they owned jointly and equally, the court ruled that whilst badly drafted, the agreement had constituted a validly exercisable option. Furthermore, the valuation of the property was to be assessed as the property stood at the date of that valuation.
- The All England Law Reports comprises judgments with headnotes and catchwords indicating the area of law and key issues of the case prepared by legally qualified editorsFind AllER Reports
- Cases related to this particular case that are related to, or discuss this caseView related cases
- Commentary discussing this particular case from LexisLibrary's comprehensive range of titles including Butterworths, Halsbury's and TolleyView related commentary