The Act Part 2 – Key Concepts General rules for contracts requiring conveyance Section 9 – Completion without substantial performance
31.Section 9 provides for the usual case where a contract is completed by a conveyance without having previously been “substantially performed”. The contract and conveyance comprise a single land transaction. In this case, the “effective date” would be the date of completion (i.e. in a normal house purchase, the date of settlement).
32.Defined terms used in this section: