What was concluded in the case of Charles Grenier Sdn Bhd v Lau Wing Hong regarding the phrase 'subject to the sale and purchase agreement'?
Understand the Problem
The question is asking for the conclusion reached in a specific legal case regarding the implications of the phrase 'subject to the sale and purchase agreement' in contract law. It seeks to identify which of the provided statements accurately reflects the court's findings.
Answer
There was no concluded contract, only an unenforceable agreement to agree.
The final answer is the court concluded there was no concluded contract because the agreement was subjected to further formalization, thus amounting to an agreement to agree, which is not enforceable.
Answer for screen readers
The final answer is the court concluded there was no concluded contract because the agreement was subjected to further formalization, thus amounting to an agreement to agree, which is not enforceable.
More Information
The phrase 'subject to the sale and purchase agreement' led the court to conclude there was no legally binding contract since it indicated an intention to formalize the terms later.
Tips
A common mistake is assuming that all agreements 'subject to contract' are legally binding. It's important to understand that such phrases often suggest an intention to formalize later.
Sources
- Charles Grenier SDN BHD v LAU WING HONG, [1996] 3 MLJ 3 ... - studocu.com
- A Contract 'Subject to Contract': Are You Still Bound? - malaysianlitigator.com
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