74. Rectified contracts.

Where a contract for the sale or other disposition1 of an interest in land2 satisfies the conditions imposed by the Law of Property (Miscellaneous Provisions) Act 1989 as to formalities3 by reason only of the rectification of one or more documents in pursuance of an order of a court, the contract comes into being, or is deemed to have come into being, at such time as may be specified in the court order