Precedent set – Vendor recovers deficiency in sale price on the resale of their property!
While the current Contract for sale of Land clearly sets out the rights of a Vendor when a Purchaser defaults (unable to settle), we now have a case which supports it {Kelly v Galafassi & Anor [2013] NSWSC680} This Article is a follow on from “Purchaser sued for deficiency in resale price – a real case to follow!” To recap: Toni Collette and her husband David Galafassi (the Purchasers) entered into a Contract to buy