Defaulting Purchaser Regains Deposit #164

By Gerry NeelyB.A., LL.B. The advantages to a vendor of the use of the Norfolk v. Aikens addendum to the standard form contract {Column 155) is apparent from a decision delivered October 24th, 1990, which allowed a defaulting purchaser to recover a $40,000 deposit. The purchaser’s offer was made prior to the Norfolk v. Aikens decision on the standard …