Re: Khan leaves the bulls! : Tue Oct 15, 2013 4:51 pm
Ferocious Aardvark wrote:
Very good point.
Surely it must be? Would you buy an off-plan house before planning permission to build it had been granted?
Oh absolutely, I'd be sitting and waiting too.
But do we know of any insolvencies? "Dissolved" ain't the same as "gone bust".
Surely it must be? Would you buy an off-plan house before planning permission to build it had been granted?
Oh absolutely, I'd be sitting and waiting too.
But do we know of any insolvencies? "Dissolved" ain't the same as "gone bust".
I might enter into a contract to buy an off plan house if I could include a condition in the contract that I can pull out if planning permission is refused.
Many business sales/purchases are announced subject to conditions being satisfied. The most common being shareholder approval if that is required. But also if approval of a regulatory body is needed. Usually the parties involved will try to obtain regulatory approval before announcing a deal but often regulatory bodies will refuse to approve a deal until its been made public, to gauge any reaction to the deal.
However it would be unusual to announce a deal that is subject to conditions without making it clear that it was conditional.