31 Disclosure and indemnity (1)
The original Purchaser and any substitute or additional purchaser must fully and truthfully disclose the details of the substitution to the SRO or other Relevant Authority.
(2)
The original Purchaser remains personally liable for the due performance of all the Purchaser's obligations under this Contract.
(3)
The original Purchaser and any substitute or additional purchaser must indemnify hold harmless and keep indemnified the Vendor against any Loss or Claim that the Vendor, the Representatives of the Vendor or the Vendor's Lawyers pay, suffer, incur or are liable for as a result of any breach of this Special Condition 5.
Continuation of acts The acts and omissions of the Vendor and the original Purchaser continue to bind the Vendor and the nominee respectively. The Vendor must treat the Deposit paid by the original Purchaser as Deposit money paid by the nominee. ACKNOWLEDGMENTS BY PURCHASER Sale of Land Act 1962 (Vic) (1)
The Purchaser received a copy of the Vendor's Statement before signing the Contract.
(2)
The Purchaser acknowledges and agrees that a Due Diligence Checklist was made available to the Purchaser from the time the Land was offered for sale in the manner described in section 33B(6) of the Sale of Land Act 1962 (Vic).
Estate Agents Act 1980 (Vic) (1)
The Purchaser received a copy of the Contract before paying a deposit or signing the Contract or any other document in relation to the Purchaser's purchase of the Property.
(2)
Neither the Vendor nor any person on behalf of the Vendor has made any promise to the Purchaser about obtaining a loan to defray some or all of the Price.
DEPOSIT Payment The Purchaser must pay the Deposit to the Vendor's Lawyers to be held by the Vendor's Lawyers in trust as a stakeholder for the parties until the earlier of: (1)
the Settlement Date; or
(2)
the release of the Deposit under the Sale of Land Act 1962 (Vic).
