SALE OF NEWSPAPER
TROUBLE OVER CONTRACT
(By Telegraph.) (Special to "The Evening Post.")
DUNEDIN, This Day. After a hearing which lasted for three days, conclusion was reached in the Supremo Court before Mr. Justice Kennedy to-day in a case in which William Twaddle, as the representative of a syndicate, proceeded ugainsfc Albert Eden Russell, Robert James Millis, and James Radcliffe M'Naughton, proprietors of the "Clutha Leader" newspaper, Balclutha, for specific performance of au alleged contract to sell the newspaper.
_ Before the business was sold by auction conditions of sale were drawn up, one clause providing that the partners should sign a deed of covenant that they would not compete within a radius of 25 miles for ten years. Prior to the auction M'Naughton declined to sign the deed, and the auctioneer made this known at the sale. There was a belief at the time of the sale that M'Naughton could be compelled to sign, but this later proved to bo unfounded.
The plaintiff's principal claim was that the business was sold without M'Naughton's signature to the deed, but the defendants claimed that, as M'Naughton had refused to sign, there had never been a completed contract. Judgment was reserved.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19291206.2.78
Bibliographic details
Evening Post, Volume CVIII, Issue 137, 6 December 1929, Page 11
Word Count
198SALE OF NEWSPAPER Evening Post, Volume CVIII, Issue 137, 6 December 1929, Page 11
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