Legal Question in Civil Litigation in India
Can an agreement to sell (property) be cancelled after accepting advance and also part payment? What should be the procedure to cancel such agreement?
Asked on 2/03/11, 11:55 am
1 Answer from Attorneys
In the normal market practice if the seller refused to sell the property after accepting the advance and part payment , he has to repay double the amount he accepted . If he is not repaying the amount then either suit for specific performance of a contract can be initiated against him or a suit for recovery of amount is to be filed . Apsrt from this if you smell some preconceived dishonest intentions behind all this then a case of criminal breach of trust and fraud be intitiated against him .
regards
Answered on 2/03/11, 9:40 pm
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