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Art. 1643 When no rate 598 LEASE Art. 1650 A r t s . 1 6 5 6 - 1 6 5 7 LEASE OF RURAL AND URBAN LANDS 609 Rights and Obligations of the Lessor and the Lessee Art. 1662 LEASE OF RURAL AND URBAN LANDS 619 Rights and Obligations of the Lessor and the Lessee and occupation of the premises,’’ or “fair rental value of the premises: Provided, however, That the new rental shall be reasonably commensurate with the ex-penses incurred for the repair of the said residential unit and: Provided, finally, That if the residential unit is condemned or completely demolished, the lease of the new building will no longer be subject to the aforementioned first-preference rule in this subsection; and
(e) Expiration of the period of the lease contract. available to companies such as a ‘voluntary arrangement’ with creditors or an administration order of the court. A partnership is not governed by the laws on bankruptcy which relate to individuals. Thus, the partnership may be subject to a winding-up order and the individual partners may be subject to bankruptcy shareholder due to other CA 2006, s 502 ). warehousemen, for storage. to have affirmed the contract; the innocent party will not be allowed to change his or her mind later and rescind unless the position of the other party was unaffected by the potential affirmation. In Habib Bank Ltd v Nasira Tufail (2006) a contract. resolution set by HCA Royal Botanic Gardens & Domain Trust v South Sydney Council (2002) 3 issues need to be resolved before good faith can be Conditions Condition = Essential term Remedies = innocent party may proceed with the contract or terminate it and/or claim damages Test for determining whether a term is a condition: Tramways Advertising Pty Ltd v Luna Park (NSW) Ltd (1938) 38 SR (NSW) 633, 631-2.- '...the [term of the promise] is of such importance to the promisee that he would not have entered into the contract unless assured of a strict or substantial performance

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