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|Starting Date||Thursday, November 10, 2016|
|Closing Date||Wednesday, November 16, 2016|
|Question Title||GDB No.1|
Mr. Khan entered into an agreement for the purchase of a flat situated on third floor of a multistory plaza in Lahore with his uncle for Rs.21,00,000. His uncle told him that the said flat is suitable both for residence purpose and for investment purpose to re-sale it later on a profit. Mr. Khan believed the statement to be true as it is given by his uncle who is his well-wisher. After the agreement, but before the performance, Mr. Khan came to know that the flat is not suitable for residence due to problems of non-availability of water and in-adequate arrangements of cleanliness in that Plaza. Furthermore the property in that Plaza has become almost non-saleable.
Discuss whether this contract is voidable or not? If voidable, then on what basis, otherwise justify that why this agreement is valid.
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