Summary of UBA v. Tejumola & Sons Ltd case

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UBA v. Tejumola & Sons Ltd

The defendant offered to take a lease of the plaintiff’s building for a period of 15 years at N215 per square metre. The letter was boldly headed ‘subject to contract’. The plaintiff ‘accepted’ this offer and specifically stated that the lease would commence on May 1st 1982. The defendant thereafter requested for several expensive renovations to the building which were done by the plaintiff. The defendant later refused to carry on with the agreement and the plaintiff sued. It was held that there was not yet a contract between the two parties.

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