An option to purchase will be rendered void in the agreement because it purports to prevent the point of a mortgage that has been redeemed e.g. the mortgagor should get the property back in the same state in which it was mortgaged on redemption of that mortgage.
Samuel v Jarrah Timber: option to purchase stock that was security for mortgage was void
Reeve v Lisle: the option to purchase is not void when it is part of another contract, unconnected with the mortgage agreement (made 12 days later)
Noakes v Rice: an agreement with a brewery to only sell their liquor was valid only up until the mortgage had been redeemed. Once the mortgage is paid, the owner should get back their land and be free in its use and enjoyment e.g. deciding who's liquor to sell
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