LAWCOMM 427 - Vendor and Purchaser

Credit points: 15 points
Offered: First Semester
Contact hours: Lectures – 3 hours per week
Course Coordinator: Professor Francis Dawson
Corequisite: LAW 301
Restriction: LAW 454

Course Description

A study of the law relating to contracts for the sale and purchase of land, including the formation of the contract, the application of relevant statutes, the basic terms of such contracts and their significance, matters of title, settlement and completion, and remedies for breach.

Course overview

The principal objectives of the course are to provide students with an understanding of the ADLS standard form of contract for the Sale of Land, against the background of the applicable statutory framework (including the Property Law Act 2007 and the Contracts and Commercial Law Act 2017).

The course should be helpful to students going into commercial, property, banking or common law practices. The sale of land contract is New Zealand’s master contract and the concepts derived and applied in the standard form contracts are utilised throughout commercial law practice. Through understanding one type of contract students should develop a way of thinking which will identify the relevant risks in the contract and provide for those risks.

Assessment

  • Early assessment (0%)
  • 3000 word opinion (30%)
  • Exam (70%)