Property lawContract lawExchange control regulations
Keywords
Deed of salePurchase price currencyExchange controlForeign currency payment
Tags
Property saleContract disputeCurrency of payment
legislation
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ai analysis
Case Summary
Key Issues
{"issue_text":"Was the purchase price payable in British pounds or Zimbabwean dollar equivalent?","issue_type":"mixed","dispositive":"yes","related_facts":"Deed stated GBP180,000; no exchange rate provision; plaintiff tendered Zimbabwe dollars"}
{"issue_text":"Did plaintiff establish prima facie case for enforcement of deed of sale?","issue_type":"procedural","dispositive":"yes","related_facts":"Plaintiff's evidence on payment currency; lack of exchange control authority"}
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background
Facts of the Case
Background
The plaintiff entered into a deed of sale to purchase immovable property from the defendant for GBP180,000 payable in six installments. The plaintiff contended payment could be made in Zimbabwean dollars at official exchange rate while defendant insisted on British pounds sterling. Plaintiff sued to enforce the agreement after defendant cancelled for non-payment.
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