The Weekly Law Reports
[1993] 2 WLR 702
[PRIVY COUNCIL]
WORKERS TRUST & MERCHANT BANK LTD. Appellant and DOJAP INVESTMENTS LTD. Respondent
[APPEAL FROM THE COURT OF APPEAL OF JAMAICA]
1992 Nov. 11,
12;
1993 Feb. 22
1993 Feb. 22
Lord Keith of Kinkel, Lord Jauncey of Tullichettle, Lord Donaldson of Lymington, Lord Browne-Wilkinson and Sir Christopher Slade
Vendor and Purchaser
— Deposit
— Forfeiture
— Contract for sale of land providing for deposit of 25 per cent. of purchase price
— Purchaser failing to complete
— Vendor rescinding contract
— Whether deposit reasonable
— Whether vendor entitled to forfeit deposit
— Whether purchaser entitled to relief