In the case of Aberfoyle Plantations Ltd v Khaw Bian Cheng, the buyer is required to pay the remaining price regardless of lease renewal. A) True B) False
Understand the Problem
The question is asking whether the statement regarding the buyer's obligation to pay the remaining price in the case of Aberfoyle Plantations Ltd v Khaw Bian Cheng is true or false.
Answer
False.
The final answer is False.
Answer for screen readers
The final answer is False.
More Information
In the case, the Court of Appeal found in favor of the purchaser, as the vendor failed to fulfill a condition precedent in the contract by the agreed date. Thus, not fulfilling this condition could relieve the buyer of the obligation to pay the remaining price.
Tips
A common mistake is misinterpreting the role of conditions precedent in contracts; ensure to identify and understand these conditions before concluding obligations.
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