Public Trustee v Pearlberg By an agreement dated 29 January 1932, the appellant contracted to purchase a property for £2,400, of which £240 was then paid as a deposit. Clause 27 provided that, if the purchaser should neglect, or fail to comply with, the conditions of sale, the vendor might “give him notice in writing to remedy such neglect or failure, and if after the expiration of 14 days from the receipt of such notice the purchaser shall still be in default, his deposit may be absolutely forfeited to the vendor and the contract rescinded.