The parties had exchanged contracts for the sale and purchase of a company’s shares. The contract provided that a variation would only be effective if in writing. There was an oral agreement to allow time to complete.
Held: The issue was whether in a telephone conversation, the contractual requirement to complete on that day had been waived. He had. An extension of time for completion was not as such a variation, because the contract already envisaged the possibility of an extension of time.
Judges:
Davis J
Citations:
Times 25-Jun-2003
Jurisdiction:
England and Wales
Contract
Updated: 27 June 2022; Ref: scu.183879