Which of the following is NOT one of the possibilities identified by the High Court in Masters v Cameron (1954)91 CLR 353?
A)That the parties had reached final agreement.
B)That the parties had reached agreement but just wanted the deposit to be paid.
C)That the parties had reached agreement but wanted it to be recorded.
D)That the parties had postponed agreement until a formal contract was signed.

Question

Quizplus · Accepted Answer

In Masters v Cameron, the High Court identified three main possibilities regarding preliminary agreements: (1) the parties have reached final agreement on all terms and intend to be immediately bound but propose to restate their agreement in a more formalized document, (2) the parties have reached final agreement on all terms and intend to be immediately bound but performance is conditional upon the execution of a formal document, and (3) the parties do not intend to make a concluded bargain at all unless and until they execute a formal contract. Option B, suggesting the parties had reached agreement but just wanted the deposit to be paid, is not one of the possibilities identified by the High Court in this case.

Which of the Following Is NOT One of the Possibilities