Queensland Consolidated Acts Queensland Consolidated Acts(1) For the purposes of this Act--
(a) a person who signs (personally or by an agent) an instrument that is intended to bind the person (absolutely or conditionally) to purchase a proposed allotment or a proposed lot shall be taken to have entered upon a purchase of the allotment or lot and in this Act is referred to as "the purchaser";
(b) a person who signs (personally or by an agent) an instrument that is intended to bind the person (absolutely or conditionally) to sell a proposed allotment or a proposed lot shall be taken to have entered upon a sale of the allotment or lot and in this Act is referred to as "the vendor".
(2) Subsection (1)(b) shall not be construed to limit the meaning of the expression "sell" as defined in section 6.