Termination

Question 1

What must a term be to allow for termination?

Answer 1

A term must be:

1. A condition (Luna Park (NSW) Ltd v Tramways Advertising Pty Ltd (1938) 61 CLR 286);
2. A internediate term, who’s breach is so serious that can allow termination. Ankar Pty Ltd v National Westminster Finance (Aust) Ltd (1987) 162 CLR 549