Bridgewater V Leahy [1998] Hca 66
Legal Issues
Question One- (319 words)
The contract at the centre of Bridgewater v Leahy [1998] HCA 66 is a deed of forgiveness of debt, in relation to the transfer of land. The parties to this contract were Neil York, who bought the interest in the land, and Bill York who sold the interest, and forgave the debt.
The contract was entered into on 19th July 1988, with the terms being that Bill would transfer his interests in the Wonga Park fee simple, the Wonga Park perpetual lease selection, and the Risby land to Neil York. It was agreed that this would be for the consideration of $150 000 and the remaining $546 811 would be set aside in a deed of forgiveness. The Wonga Park fee simple was partly owned by Sam York, who agreed to transfer his interest to Neil as a gift, and this part of the transaction is not in question. On 28th November 1988, $150 000 was transferred into Bill York’s account in relation to the total cash owed under this contract.
In addition to......
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Bridgewater V Leahy [1998] Hca 66
Bridgewater V Leahy [1998] Hca 66. Legal Issues Question One- (319 words)
The contract at the centre of Bridgewater v Leahy [1998 ...
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