We Bundell's Lot
The main question would seem to be, "Was the Contract complete as between Menon and Purchaser at the time of the withdrawal of the notice of resumption by the Government?" Whether the contract be a Statutory one (such as those under the Lands Clauses Act) or an ordinary Contract for the Sale of land, the ratio decidendi is the same.
In a Contract for the sale of land, all the essential terms must be fixed. Price is an essential term and where this is neither ascertained nor ascertainable in a mode which can be adopted and enforced by a court of Law, then there is no concluded Agreement. (Fry on Specific Performance, pp. 94-98). Now under the Lands Clauses Act, the Price may be said to be fixed immediately upon Notice served, on the principle of the maxim “id certum est quod certum reddi potest”. There can be no difficulty in finally ascertaining the price for the Act provides infallible machinery for that purpose. Hence the essential terms of the Statutory Contract are "fixed" ab initio. But a manifest distinction exists between the machinery supplied by the Lands Clauses Act to ascertain the Price.
Page 300
Page 301
We Bundell's Lot
The main question would seem to be." "Was the Contract complete as between Menon and Purchaser
at the time of the withdrawal of the notice of resumption by the Government. Whether the contract be a Statutory one (such as those under the Lands Clauses Act) or an ordinary Contract for the Sale of land the ["ratis decidendi" is the same. _
In a
a Contract for the sale
of land all the exential terms must be fixed Price is an
essential
term and where this is neither ascertained nor ascertainable in a mode which can be adopted and
295-
enforced by a court of Law, then there is us concluded Agreement. (Fry
on
Sfer: Perf: 94.98). Now unter
the Lands Clauses Act the Price
may be said to be fixed immediately, uhon Notice served, on
the principle
of the maxim “id certum est quod certum reddi protest. There can
be
be no
difficully in finally
C
ascertaining the price for the Art provides infallible machinery for that purpose. Hence the exential terms of the Statuton, Contract are "fixed "ab initis." But a manifest distinction exists between the machinery supplied by the Lands
Clauses act to ascertain the Price
NDE
Page 300Page 301
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