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2010 - Practice Area: Company and Commercial Work
Contract - Offer and acceptance - Acceptance - Meeting of minds - Oral agreement - Agreement concerning sale of business - Whether agreement on terms.
On the evidence, the Court found that there had no true coincidence between the position of each party in the final negotiations and no true agreement about the terms on which the sale of a business by the claimant to the defendants was to take place. It followed that there was no contract on which the court could grant either side relief, save that the claimant was entitled to judgment in respect of £10,000 outstanding on a loan made to the defendants.