Question
In victoria Australia William sold a leasehold estate to Rod for a consideration of $220,000. William knew that Rod intended to use the leasehold for
In victoria Australia William sold a leasehold estate to Rod for a consideration of $220,000. William knew that Rod intended to use the leasehold for a restaurant, which strictly required use of the 20 car parking spaces on the title. Three weeks before settlement William received a letter from the municipality advising that the municipality and Vic Roads intended to compulsory acquire some of William's land for an approved road-widening scheme, which would remove the entire car park. Does William have an obligation to pass on the notice to the purchaser? Explain and give reason.
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