The Weekly Law Reports
[2012] 3 WLR 503
Court of Appeal
Sharma and another v Simposh Ltd
[2011] EWCA Civ 1383
2011 Nov 9;
23
Laws, Toulson, Black LJJ
Vendor and purchaser— Deposit— Forfeiture— Defendant agreeing to grant claimants option to purchase property and refrain from marketing property elsewhere in return for payment of non-refundable deposit— Agreement made orally and lacking contractual effect— Deposit paid and defendants fulfilling agreement— Claimants withdrawing from purchase— Whether deposit repayable—
Law of Property (Miscellaneous Provisions) Act 1989 (c 34), s 2(1)