Sharma v Simposh Ltd

Subject Matter

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, s 2(1)

[2013] Ch 23; [2012] 3 WLR 503