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Currimbhoy And Co. Ltd. vs L.A. Creet And Ors. on 23 August, 1929

In Currimbhoy and Company Ltd. v. Creet 2 the Judicial Com- mittee expressed the view that the principle of the English law which is summarised in the judgment of Parker, J. in Von Hatzfeldt-Wildenburg v. Alexander(3) was be applicable in India. The question in the present appeals is whether the execution of a formal agreement was intended to be a condition of the bargain dated July 6, 1952 or whether it was a mere expression of the desire of the parties for a formal agreement which can be ignored. The evidence adduced on behalf of respondent No. 1 does not show that the drawing up of a written agreement was a pre-requisite to the coming into effect of the oral agreement. It is therefore not possible to accept the contention of The appellant that the oral agreement was ineffective in law because there is no execution of any formal written document. As regards the other point, it is true that there is no specific agreement with regard to the mode of payment but this does not necessarily make the agreement ineffective. The mere omission to settle the mode of payment does not affect the completeness of the contract because the vital terms of the contract like the price and area of the land and the time for completion of the sale were all fixed. We accordingly hold that Mr. Gokhale is unable to make good his argument on this aspect of the case.
Calcutta High Court Cites 9 - Cited by 57 - Full Document
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