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It was agreed that this would be for the consideration of $150 000 and the remaining $546 811 would be set aside in a deed of forgiveness. The Wonga Park fee simple was partly owned by Sam York, who agreed to transfer his interest to Neil as a gift, and this part of the transaction is not in question. On 28th November 1988, $150 000 was transferred into Bill York’s account in relation to the total cash owed under this contract.
In addition to this deed, the case looks at the last will and testament made several years earlier in 1985. This includes an option for Neil York to purchase interests in Bill York’s land, that being the properties of Wonga Park fee simple, Tooks land, Mt Leigh land, Risby land, and Wonga Park perpetual lease selection, and also Bill’s interest in the partnership Mt Leigh Pastoral Company...
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