Topic $5$: Contracts $$ Termination

Workshop activities

Case Study $1$

Fred is retiring from his legal practice. Whilst attending a BBQ at his home on Saturday $26$th January, he makes an offer to sell his office equipment to his neighbour Betty for $$20,000.$ Betty accepts Fred's offer and pays him a deposit of $$1000.$ It was agreed that Betty would collect the office equipment on Thursday $31$st January and at the time of collection, Betty will pay the balance owing.

Unfortunately a robbery had occurred at Fred's office some time during the week before the $26$th January and all the office equipment has been taken. Neither Fred nor Betty were aware of this until Monday $28$th January.

What effect does this robbery have on the contract between Fred and Betty?