Catchwords:

CONTRACTS – Formation – Agreement – Whether an oral agreement of accord and satisfaction was formed – Lack of a genuine dispute between the parties

CONTRACTS – Formation – Consideration – Where part payment of a debt is not good consideration

EQUITY – Equitable interests in property – Priority disputes between competing equitable interests –Whether there was actual or constructive notice of the earlier equity – Whether there was a “registrable dealing” for the purposes of section 43A of the Real Property Act 1900 (NSW)