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    <title>1949 (5) TMI 23 - FEDERAL COURT</title>
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    <description>A finally concluded contract remained enforceable despite later correspondence on non-essential matters, because the bargain had been completed and was not shown to have been rescinded or kept open. The agreement was not conditional on every expected participant signing, as no common intention of such a condition was proved. Joint liability remained enforceable against the continuing promisors, since section 43 of the Contract Act permits action against one or more joint promisors. Specific performance was appropriate for shares in a private company and a partnership interest that were not readily available in the market, so damages were not treated as an adequate substitute.</description>
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    <pubDate>Fri, 06 May 1949 00:00:00 +0530</pubDate>
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      <title>1949 (5) TMI 23 - FEDERAL COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=313201</link>
      <description>A finally concluded contract remained enforceable despite later correspondence on non-essential matters, because the bargain had been completed and was not shown to have been rescinded or kept open. The agreement was not conditional on every expected participant signing, as no common intention of such a condition was proved. Joint liability remained enforceable against the continuing promisors, since section 43 of the Contract Act permits action against one or more joint promisors. Specific performance was appropriate for shares in a private company and a partnership interest that were not readily available in the market, so damages were not treated as an adequate substitute.</description>
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