29NPurchaser may avoid contract

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29N Purchaser may avoid contract

If a terms contract is entered into in contravention of section 29M—

(a) the contract is voidable by the purchaser at any time before the completion of the contract; and

(b) the vendor is guilty of an offence and liable to a penalty of not more than 60 penalty units, in the case of a natural person or 300 penalty units, in the case of a body corporate.

S. 29O inserted by No. 6/2008 s. 33.

Section 29N - Sale of Land Act 1962 - Purchaser may avoid contract | Zoe