Tanwar Enterprises Pty Ltd v Cauchi

HIGH COURT OF AUSTRALIAGLEESON CJ,McHUGH, GUMMOW, KIRBY, HAYNE, CALLINAN AND HEYDON JJTANWAR ENTERPRISES PTY LIMITED  APPELLANTANDJOSEPH CAUCHI & ORS  RESPONDENTSTanwar Enterprises Pty Limited v Cauchi [2003] HCA 577 October 2003S341/2002ORDERAppeal dismissed with costs.On appeal from the Supreme Court of New South WalesRepresentation:F M Douglas QC with L J W Aitken and R C Scruby for the appellant (instructed by Alexander Lee & Associates)I M Wales SC with M A Ashhurst for the respondents (instructed by Low Doherty & Stratford)Notice:  This copy of the Court's Reasons for Judgment is subject to formal revision prior to publication in the Commonwealth Law Reports.CATCHWORDSTanwar Enterprises Pty Limited v CauchiVendor and purchaser – Contracts for sale of land – Default by purchaser – Notice of termination – Supplemental deed requiring completion by stipulated date – Time of essence – Default by purchaser – Notice of termination – Purchase price available following day – Specific performance – Whether unconscientious for vendors to exercise right of termination – Whether relief on the ground of "accident" available in face of essential time stipulation.  Equity – Relief against forfeiture – Contracts for sale of land – Default by purchaser – Whether unconscientious for vendors to exercise right of termination – Whether default occasioned by "accident" – Whether relief on the ground of "accident" available in face of essential time stipulation.  GLEESON CJ, McHUGH, GUMMOW, HAYNE AND HEYDON JJ.   This is an appeal from the New South Wales Court of Appeal (Handley and Beazley JJA, Mathews AJA)[1].  That Court dismissed...